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The United States has sanctioned Putin’s daughters in response to the Ukrainian invasion

The United States has sanctioned Putin's daughters in response to the Ukrainian invasion

The new restrictions were aimed at Maria Vorontsova and Katerina Tikhonova, two adult children of Russian President Vladimir Putin from his previous marriage to Lyudmila Shkrebneva.

The White House announced penalties against Russia’s top public and private banks, as well as two of Vladimir Putin’s daughters, on Wednesday, adding to the mounting pressure on the country’s economy and ruling elite as a result of the country’s invasion of Ukraine.
The new restrictions were aimed at Maria Vorontsova and Katerina Tikhonova, two adult children of Russian President Vladimir Putin from his previous marriage to Lyudmila Shkrebneva.

Russia’s Foreign Minister Sergei Lavrov’s wife and daughter as well as members of the country’s Security Council, including former president and prime minister Dmitry Medvedev and current Prime Minister Mikhail Mishustin, were also subjected to fresh sanctions.

“At the expense of the Russian people, these individuals have amassed substantial personal wealth. Some of them are accountable for providing the required support to Putin’s attack on Ukraine, while others are merely complicit “The White House released a statement on the matter.

“We believe that many of Putin’s assets are hidden with his family members, which is why we’re targeting them,” a senior US official told reporters, referring to the two daughters’ father and brother.

Also announced were “full blocking” penalties against Russia’s main public and private financial institutions, Sberbank and Alfa Bank, as well as an outright embargo on all new US investment in Russia, according to the White House.

Additionally, it stated that new sanctions against important Russian state firms would be published on Thursday, with the goal of impeding their capacity to trade and move money via the global financial system.

Vice President Joe Biden clearly linked the intensification of penalties to proof that Russian soldiers deliberately murdered civilians in Bucha, a hamlet west of Kyiv, according to the president.

According to Biden, “I made it clear that Russia will pay a serious and immediate price for its actions in Bucha.”

Transactions involving energy are protected.

According to the additional measures, which were coordinated with US allies in Europe and abroad, they were intended to severely harm the Russian economy in order to put pressure on Putin to end the war in Syria.

“Today, in accordance with G7 allies and partners, we are intensifying the most punitive sanctions ever imposed on a major economy,” said the person, who requested anonymity to discuss internal policy matters.

The penalties against the two banks went beyond a previous move that barred some capital transactions with them from taking place.

Now, any asset that the bank possesses that is or may become subject to US jurisdiction will be frozen, and individuals and businesses subject to US jurisdiction will be barred from doing business with them.

A considerable impact on Sberbank, which controls roughly one-third of the assets in the Russian banking system, could result from this development.

The United States, on the other hand, maintained to exclude Russia’s energy sector from sanctions, despite the fact that it continues to earn millions of euros each day in natural gas sales to European clients.

The White House stated that transactions involving energy will continue to be approved at the two banks.

An indictment against Russian oligarch Konstantin Malofeyev for sanctions violations was announced in a concurrent proceeding on Wednesday by the US Justice Department.

Mr. Garland stated that the Russian oligarch was a source of funding for Russians pushing separatism in Crimea and supported pro-Moscow rebels in the so-called Donetsk People’s Republic in eastern Ukraine, according to the Attorney General.

According to Garland, “after being sanctioned by the United States, Malofeyev attempted to escape the sanctions by enlisting the help of co-conspirators to secretly acquire and operate media businesses throughout Europe.”

FBI official Michael Driscoll said Malofeyev “played a leading role in supporting Russia’s 2014 invasion of eastern Ukraine,” and that he “continues to run a pro-Putin propaganda network.” Malofeyev recently described Russia’s military invasion of Ukraine in 2022 as “a holy war,” according to Driscoll.

Note: Story is taken from NDTV

Written by morningnewshindi

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