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.

The United States will impose new sanctions on Russia, including the first-time sanctions on the two adult daughters of Russian President Vladimir Putin.

Katerina Tikhonovna and Maria Putina, who are in their 30's, are rarely seen in public and almost never mentioned by their father. They have only been identified by their first names.

A senior administration official who spoke on background to preview the sanctions said that many of Putin's assets are hidden with family members.

The U.S. will sanction the wife and daughter of the Russian Foreign Minister. The White House announced that the former President and Prime Minister of Russia will be hit with sanctions.

President Joe Biden will sign an executive order prohibiting Americans from investing in Russia, which will apply to both U.S. residents and those living abroad.

Sberbank and Alfa Bank will be subjected to full blocking sanctions for the first time, but with carve outs for energy purchases.

The White House said that several major Russian state enterprises are being placed under full blocking sanctions.

The senior administration official said that the new sanctions are being coordinated with the G-7 group of developed economies and the European Union in order to maximize their impact and minimize opportunities for the Kremlin to evade them.

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