U.S. Placing New Sanctions On Russian Oligarchs

On Thursday, the White House announced new sanctions on Russian oligarchs, as the United States continues to punish Russia for its ongoing invasion of Ukraine.

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The new sanctions will be placed on “Putin’s cronies and their family members” who have been profiting from Putin’s violent regime. Full blocking sanctions will target eight “Russian elites and their family members who enable Putin.”

“Today, the United States, in coordination with Allies and partners, is targeting additional Russian elites and family members who continue supporting President Putin despite his brutal invasion of Ukraine,” the White House said in a statement. “These individuals have enriched themselves at the expense of the Russian people, and some have elevated their family members into high-ranking positions. Others sit atop Russia’s largest companies and are responsible for providing the resources necessary to support Putin’s invasion of Ukraine. These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be frozen and their property will be blocked from use. The Department of Treasury will share financial intelligence and other evidence where appropriate with the Department of Justice to support criminal prosecutions and seizure of assets.”

“Today, the United States will sanction an expansive list of Putin’s cronies and their family members,” the statement continued. “One of the elites is Alisher Burhanovich Usmanov, one of Russia’s wealthiest individuals and a close ally of Putin. His property will be blocked from use in the United States and by U.S. persons – including his superyacht, one of the world’s largest, and just seized by our ally Germany, and his private jet, one of Russia’s largest privately-owned aircraft. The United States will also sanction Dmitry Peskov, who as Putin’s spokesman is a top purveyor of Putin’s propaganda. The United States will also impose visa restrictions on 19 oligarchs and 47 of their family members and close associates. As President Biden said, we, we will continue to work with our Allies and partners to hold accountable the Russian oligarchs and corrupt leaders who are profiting from this violent regime.”

The United States will also place visa restrictions on 19 Russian oligarchs and 47 of their family members and close associates, the White House said. These oligarchs are “known to direct, authorize, fund, significantly support, or carry out malign activities in support of Russia’s destabilizing foreign policy.”

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