Washington – The United States on Wednesday announced a new sanctions package against Russia in responsearound the Ukrainian capital Kyiv, which includes economic sanctions against the adult children of Russian President Vladimir Putin and top Russian officials.
The additional sanctions were rolled out in coordination with the Group of 7 and the EU and are designed to impose on Russia “serious and immediate economic costs” for its brutality in Ukraine, the White House said.
“As long as Russia continues its brutal attack on Ukraine, we will stand united with our allies and partners in imposing additional costs on Russia for its actions,” the White House said in a statement on the sanctions.
The measures include a ban on all new investment in Russia, increased sanctions against Russia’s largest financial institutions and state-owned companies, including Sberbank and Alfa Bank, and sanctions against Russian government officials and members of their families. Those targeted by the full blocking sanctions include Putin’s two adult daughters, Russian Foreign Minister Sergei Lavrov’s wife and daughter and members of Russia’s Security Council, including Russia’s former president and prime minister Dmitry Medvedev and Prime Minister Mikhail Mishustin.
The actions against Sberbank and Alfa Bank, Russia’s largest private bank, freeze any of their assets affecting a US financial institution and prohibit US citizens from doing business with the two banks. The sanctions against state-owned companies, which have not yet been named, prohibit any U.S. citizen from doing business with the entities.
As with previous economic measures vis-à-vis Russian financial institutions, there is a reservation for energy.
The measures are intended to “degrade key instruments of Russian state power” and impose rapid economic damage on Russia, sources told CBS News on Tuesday.
President Biden told reporters at the White House on Monday that he wouldabout Russia after Ukrainian President Volodymyr Zelenskyy visited Bucha, a city outside Kiev, where Ukrainian officials said they discovered the bodies of civilians after Russian forces withdrew from the area.
“You saw what happened in Bucha. This justifies him – he is a war criminal,” Mr Biden said of Russian President Vladimir Putin. “But we have to gather the information, we have to continue to provide Ukraine with the weapons they need to continue the fight, and we have to get all the details so that this can become a real – have a “This guy is brutal, and what’s happening in Bucha is scandalous, and everyone’s seen it.”
White House National Security Adviser Jake Sullivan also told White House reporters that they should expect further announcements of sanctions “this week.”
In a virtual speech to the UN Security Council on Tuesday, Zelenskyy saidwhat he said was committed by the Russian forces that have invaded Ukraine, accusing them of deliberately killing adults and children and trying to burn their bodies.
“Russian troops deliberately destroy Ukrainian cities to ashes with artillery and airstrikes. They deliberately block cities and create mass results. They deliberately shoot columns of civilians on the road trying to escape from the hostilities. They even deliberately blow up shelters in the air where civilians hide from air strikes, “said Zelenskyy.
While Russia hasas “fake,” CBS News reported clear evidence of atrocities in the towns and villages around Kiev. In the streets of Bucha, corpses were found in the streets, while dozens more were thrown into mass graves.
The destruction of Putin’s troops has prompted new calls for tougher sanctions against Russia, including a total halt to oil and gas imports. Germany and France have already expelled dozens of diplomats, suggesting they were spies.
Since Russia launched its attacks on Ukraine in late February, the United States and its European allies have agreed to impose coordinated sanctions aimed at cutting off Russia from the global economy.
Russia’s economy is expected to contract by 15% or more in 2022, a collapse of Russia’s GDP that will erase the last 15 years of economic growth, according to an analysis by the Department of International Finance.