US Imposes New Sanctions On Putin’s Daughters And Russian Banks

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The US announced new sanctions today on
Russian financial institutions and individuals, including Russian President Vladimir Putin’s two adult daughters, as it aims to increase economic pressure on Russia and Putin himself following horrific images from the Ukrainian city of Bucha.

The US also announced sanctions on the wife and daughter of Putin’s foreign minister, Sergey Lavrov.

“Today we’re dramatically escalating the financial shock by imposing full blocking sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior administration official briefing reporters said.

News Men reported Today that the sanctions would come in coordination with Group of 7 nations and the European Union.

The new sanctions package will ban all new investment in Russia, increase sanctions on financial institutions and state-owned enterprises in Russia, and sanction Russian government officials and their family members.

This is a breaking story and will be updated.

CNN.com

Edited by Gloria Omang

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