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

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Biden administration imposes new sanctions on Putin's daughters and Russian banks
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The US has announced new sanctions on Russian financial institutions and individuals, including President Putin's two adult daughters

The US also announced sanctions on the wife and daughter of Putin's foreign minister, Sergey Lavrov. The United Kingdom later announced its own sanctions, and the European Union were expected to follow suit as well, ramping up Western pressure on Moscow as the war enters its second month.The sanctions are designed to tighten the vice on Russia's economy, which has been kneecapped by Western punishment.

Members of Russia's Security Council, including former President and Prime Minister of Russia Dmitry Medvedev and Prime Minister Mikhail Mishustin, are also being targeted by individual sanctions. The US has already sanctioned more than 140 oligarchs and their family members and over 400 Russian government officials, the senior official said.The new sanctions will cut those individuals off from the US banking system and freeze any assets held in the United States.

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