As oil company executives testified before Congress Wednesday to explain the skyrocketing rise in gas prices, the White House called on the industry to invest in immediate production.
Maria Vorontsova and Katerina Tikhonova, daughters of Putin and his ex-wife, Lyudmila Shkrebneva Putina, face sanctions that will cut them off from the U.S. financial system and freeze any assets they may hold in the U.S.
The new round of sanctions, which also bans U.S. investment in Russia and hits Russia's largest bank and financial institution, follows disturbing reports and images of civilian deaths in the Ukrainian town of Bucha near the capital of Kyiv. The moves continue Biden's strategy of steadily ramping up sanctions as Russia's war in Ukraine escalates.
The U.S. believes many of Putin’s assets are hidden with family members. The sanctions also target the wife and daughter of Russia’s foreign minister, Sergey Lavrov. Vorontsova leads state-funded research programs focused on genetics research that are personally overseen by Putin, and Tikhonova is a tech executive whose work supports the Russia defense industry.
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