The United States targeted Russian banks and elites with a new package of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as Russian “atrocities” in Ukraine.
The new sanctions hit Russia’s Sberbank, which holds one-third of Russia’s total banking assets, and Alfabank, the country’s fourth largest financial institution, U.S.
officials said. But energy transactions were exempted from the latest measures, the officials said. The United States is also sanctioning Russian President Vladimir Putin’s two adult daughters, Russian Foreign Minister Sergei Lavrov’s wife and daughter, and members of Russia’s security council, the officials said. “I made clear that Russia would pay a severe and immediate price for its atrocities in Bucha,” Biden said in a message on Twitter, referring to the town retaken from Russian forces where civilians were found shot at close range. “Today, along with our Allies and partners, we’re announcing a new round of devastating sanctions,” Biden said. Read more: U.S.
charges Russian oligarch with sanctions violations, dismantles cybercrime operation Russia, which says it launched a “special military operation” in Ukraine on Feb.