U.S. Imposes New Sanctions and Bans on Investments in Russia

In response to Russia's invasion of Ukraine, the United States indicated that it will apply new penalties, including on specific persons

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The two adult daughters of Russian President Vladimir Putin, Katerina Tikhonova and Mariya Putina, are among individuals who are the subject of sanctions

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The most recent penalties are a direct reaction to evidence that has recently surfaced about possible war crimes committed by Russian military personnel in Ukraine.

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President Biden stated that he will issue an executive order prohibiting all American citizens, wherever they may reside, from making investments in Russia

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Sberbank and Alfa Bank, two of the biggest banks in Russia, will be subject to full blocking sanctions from the United States

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High-profile persons will also be the target of additional penalties, such as Dmitry Medvedev and family members of Russian President Vladimir Putin.

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The most recent sanctions, according to Biden, are intended to "keep rising the economic burden" and "ratchet up the misery for Putin."

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The idea that some of the Russian president's assets may be hidden by Putin's family members is one possible reason for penalizing them

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Major Russian financial institutions, notably Sberbank and Alfa Bank, will also be the subject of the most recent sanctions

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