The White House announced a new wave of sanctions targeting Russian President Vladimir Putin's cronies and their wealth as Moscow keeps hitting Ukraine.
The White House announced a new wave of sanctions targeting Russian elites, oligarchs, and their families Thursday, in an attempt to further isolate Russia from international travel and financial systems as Russia wages war in Ukraine.
“These individuals have enriched themselves at the expense of the Russian people, and some have elevated their family members into high-ranking positions,” a release from the White House says of the sanctioned individuals. “Others sit atop Russia’s largest companies and are responsible for providing the resources necessary to support Putin’s invasion of Ukraine. These individuals and their family members will be cut off from the U.S.
The Biden administration is also going after seven Russian entities and 26 Russia and Ukraine-based individuals that have been working to spread Russian disinformation about Russia’s attack on Ukraine. The Department of Justice will be using information on the oligarchs sanctioned for criminal prosecutions and seizure of assets, according to the White House.
“Treasury is committed to holding Russian elites to account for their support of President Putin’s war of choice,” Secretary of the Treasury Janet L. Yellen said of the sanctions. “Today, across the U.S. government and in coordination with partners and allies, we are demonstrating our commitment to impose massive costs on Putin’s closest confidants and their family members and freeze their assets in response to the brutal attack on Ukraine.
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