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HomePoliticsU.S. sanctions Putin’s adult children, bans all new investment in Russia

U.S. sanctions Putin’s adult children, bans all new investment in Russia

Russian President Vladimir Putin chairs a meeting on agriculture via a video link at the Novo-Ogaryovo state residence outside Moscow on April 5, 2022.Mikhail Klimentyev | AFP | Getty ImagesWASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the two adult daughters of Russian President Vladimir Putin.Katerina Tikhonova and Mariya Putina, who are in their 30s, are rarely seen in public and almost never mentioned by their father. The Kremlin has only ever identified them by their first names.”We believe that many of Putin’s assets are hidden with family members, and that’s why we’re targeting them,” said a senior administration official who spoke on background to preview the new measures.In 2015, Putin acknowledged that his daughters lived in Russia and were fluent in multiple languages, but said, “To talk about where exactly my daughters work and what they do—I have never done this and am not going to do it now, for many reasons, including security issues.”In addition to Putin’s daughters, the U.S. will sanction Foreign Minister Sergey Lavrov’s wife and daughter, as well as Former President and Prime Minister of Russia Dmitry Medvedev and Prime Minister Mikhail Mishustin, the White House announced.U.S. officials said this latest round of sanctions was in direct response to shocking new evidence of what are likely to be war crimes committed by Russian troops in the Ukrainian town of Bucha.There, civilians were found shot to death with their hands tied behind their backs following Russia’s weekslong occupation of the village.Beyond individual designations, President Joe Biden will sign a new executive order prohibiting any new investment in Russia by Americans, which will apply to both U.S. residents and those living abroad.CNBC PoliticsRead more of CNBC’s politics coverage:Two of Russia’s largest banks, Sberbank and Alfa Bank, will also be subjected to full blocking sanctions for the first time, albeit with carveouts for energy purchases.Several major Russian state enterprises are being placed under full blocking sanctions, the White House said, with specific entities to be announced later this week by the Treasury Department.The new sanctions are being coordinated with members of the G-7 group of developed economies and the European Union, part of an effort to maximize their impact and minimize opportunities for the Kremlin to evade them, said the senior administration official.This is breaking news. Please check back for updates.

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