June 28, 2022

Herald of Fashion

Complete US News World

US imposes sanctions on Putin’s daughters, more Russian banks

US imposes sanctions on Putin's daughters, more Russian banks

A silhouette of St. Basil’s Cathedral and the Kremlin towers in front of the sunset in Moscow, Russia, on August 12, 2021. (Reuters) / Evgenia Novozinina / File Photo

Register now to get free unlimited access to Reuters.com

WASHINGTON (Reuters) – The United States targeted Russian banks and elites on Wednesday with a new round of sanctions, including preventing any Americans from investing in Russia, after Washington and Kiev accused Moscow of war crimes in Ukraine.

The new sanctions will place full-fledged contemporary sanctions in Russia’s Sberbank (SBER.MM)Which owns a third of Russia’s total banking assets, and the vabank, a senior US official told reporters. The official said energy transactions are prohibited by these sanctions.

The official said the United States is also imposing sanctions on the adult daughters of Russian President Vladimir Putin, the wife and daughter of Russian Foreign Minister Sergei Lavrov, and members of Russia’s Security Council. The official said Americans are prohibited from investing in Russia, including through venture capital or mergers.

Register now to get free unlimited access to Reuters.com

The official said the United States was “significantly escalating” the financial shock to Russia by cutting off the country’s largest banks. The official said the Russians may be forced to return to Soviet-style living standards from the 1980s.

On Wednesday, the US Department of Justice also announced new enforcement actions to disrupt and prosecute Russian criminal activity. Read more

The grim images emerging from the Ukrainian city of Bucha include a mass grave and the bodies of people shot at close range, leading to calls for tougher action against Moscow and an international investigation. Read more

See also  Ukraine says Russian general was killed in war

US Secretary of State Anthony Blinken said the killings were part of a deliberate Russian campaign to commit atrocities. Russia, which says it launched a “special military operation” in Ukraine on February 24, denies targeting civilians and has said the photos of the dead were a “grotesque fraud” by the West. None of the evidence was presented to support the assertions.

A senior French official said the European Union was likely to impose new sanctions on Wednesday.

Register now to get free unlimited access to Reuters.com

(Reporting by Alex Alber and Nandita Boss) Writing by Susan Heffy; Editing by Heather Timmons, Howard Goller, Rosalba O’Brien and Mark Porter

Our criteria: Thomson Reuters Trust Principles.