U.S. sanctions Putin’s adult children, bans all new investment in Russia

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.

Mikhail Klimentyev | AFP | Getty Images

WASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the two adult daughters of Russian President Vladimir Putin.

Katerina Tikhonovna and Maria Putina, who are in their 30s, are rarely seen in public and almost never mentioned by their father. The Kremlin has only ever identified them by their first names.

“We believe that many of Putin’s assets are hidden with family members, and that’s why we’re targeting them,” said a senior administration official who spoke on background to preview the new measures.

In 2015, Putin acknowledged that his daughters lived in Russia and were fluent in multiple languages, but said, “To talk about where exactly my daughters work and what they do—I have never done this and am not going to do it now, for many reasons, including security issues.”

In addition to Putin’s daughters, the U.S. will sanction Foreign Minister Sergey Lavrov’s wife and daughter, as well as Former President and Prime Minister of Russia Dmitry Medvedev and Prime Minister Mikhail Mishustin, the White House announced.

U.S. officials said this latest round of sanctions was in direct response to shocking new evidence of what are likely to be war crimes committed by Russian troops in the Ukrainian town of Bucha.

There, civilians were found shot to death with their hands tied behind their backs following Russia’s weekslong occupation of the village.

Beyond individual designations, President Joe Biden will sign a new executive order prohibiting any new investment in Russia by Americans, which will apply to both U.S. residents and those living abroad.

Two of Russia’s largest banks, Sberbank and Alfa Bank will also be subjected to full blocking sanctions for the first time, albeit with carve outs for energy purchases.

Several major Russian state enterprises are being placed under full blocking sanctions, the White House said, with specific entities to be announced later this week by the Treasury Department.

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

This is breaking news. Please check back for updates.



Source

Some young Americans scale back dating as costs and apps add pressure, survey shows
World

Some young Americans scale back dating as costs and apps add pressure, survey shows

For many young Americans, dating is becoming as much about finances as it is romance. Half of single Americans surveyed said they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO Financial Group’s 2026 BMO Real Financial Progress Index. The bank polled 2,501 adults in late December through […]

Read More
0 bags, 0 earrings,  hats: Mid-priced products are a status symbol for young shoppers
World

$300 bags, $150 earrings, $60 hats: Mid-priced products are a status symbol for young shoppers

When Jenny Lei launched her handbag company Freja, she thought about how much she’d personally want to spend on a work tote as a 20-something in New York City, she says. “I think a justifiable treat is less than $300. Above that, I start bargaining with myself,” says Lei, now 30, who launched Freja in […]

Read More
36-year-old left the U.S. for China—now pays ,000 rent and 0 for groceries for family of 4: It’s my ‘version of the American Dream’
World

36-year-old left the U.S. for China—now pays $1,000 rent and $100 for groceries for family of 4: It’s my ‘version of the American Dream’

As a kid, I moved around a lot. I was born in California, but I’ve lived in Arizona, Colorado, North Carolina, Virginia, Montana and Oklahoma. I never had the chance to call anywhere “home” for too long. So if you’d told me back then that I’d end up in China, I would’ve laughed. I visited […]

Read More