U.S. imposes new sanctions on pro-Putin Russian oligarchs and their families over Ukraine invasion

The United States on Thursday announced a new round of sanctions against Russians who are supporting Russian President Vladimir Putin.

The Biden administration said that the new penalties include full blocking of sanctions on at least eight so-called Russian elites and visa restrictions on 19 Russian oligarchs.

The European Union imposed sanctions on Putin's press secretary, who is also a member of the elite.

The visas are being targeted in an effort to support Russia's destabilizing foreign policy.

The White House said that the Treasury Department will designate seven Russian entities and 26 Russia- and Ukraine-based individuals.

The White House said in a fact sheet that these individuals and their family members will be cut off from the U.S. financial system.

The sanctions imposed on Putin and those around him have had a profound impact, according to President Joe Biden.

The goal of cutting off access to technology as well as cutting off access to the global financial system is to maximize the impact on Putin and Russia and minimize the harm on us and our allies and friends.

The White House released a list of Russian elites.

• Nikolai Tokarev (his wife Galina, daughter Mayya, and his two luxury real estate companies)
• Boris Rotenberg (his wife Karina, and his sons Roman and Boris)
• Arkady Rotenberg (his sons Pavel and Igor and daughter Liliya)
• Sergei Chemezov (his wife Yekaterina, his son Stanislav, and stepdaughter Anastasiya)
• Igor Shuvalov (his five companies, his wife Olga, his son Evgeny and his company and jet, and his daughter Maria and her company)
• Yevgeniy Prigozhin (his three companies, his wife, Polina, his daughter Lyubov, and his son Pavel)
• Dmitry Peskov, President Putin’s press secretary
• Alisher Usmanov (his superyacht and his private jet, one of Russia’s largest privately-owned aircraft)

The Russian entities that are being sanctioned are associated with the SDN Strategic Culture Foundation.

In a separate release, the Treasury Department detailed the extravagant wealth of some of the individual it is now targeting with penalties.

According to Treasury officials, the estimated worth of the superyacht is between $600 and $735 million. The boat, named Dilbar, has two helipads and one of the world's largest indoor pools, and costs about $60 million per year to operate.

His private jet, named for his father, is registered in the Isle of Man and is thought to have cost between $350 and $500 million.

The chief executive of Transneft, a state-owned company that carries oil from Russia, was a long-time associate of Putin. His daughter Mayya leads a real estate business that has been valued at more than $50 million in Moscow alone.

The villa built by the Austrian emperor in the 19th century is part of her business.

US President Joe Biden delivers his State of the Union Address before lawmakers in the US Capitol in Washington, DC, U.S., March 1, 2022.

The United States, the European Union and the United Kingdom have imposed sanctions on Russia in order to pressure it to end its assault on Ukraine.

The EU added 26 prominent Russians and businessmen to its own sanctions list. The U.K. is about to vote to make it compulsory for foreign owners of British properties to reveal their identities and to stop the movement of assets held by Russian elites.

This is breaking news. You can check back for updates.

CNBC's Amanda Macias contributed to the report.