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Biden administration imposes new sanctions on Putin’s daughters and Russian banks

The United States also announced sanctions against the wife and daughter of Putin’s Foreign Minister Sergei Lavrov.

“Today we are significantly compounding 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 said. to journalists.

CNN reported on Tuesday that the sanctions would be taken in coordination with the Group of 7 nations and the European Union.

The new sanctions package will ban new investment in Russia, increase sanctions against financial institutions and state-owned companies in Russia, and punish Russian government officials and their family members.

This is a breaking story and will be updated.

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