Picture courtesy The Oculus Files
Washington: As Russia’s invasion of Ukraine goes into the sixth week, the US on Wednesday announced fresh sanctions.
This time, the targets are Russian financial institutions and individuals, including President Vladimir Putin’s two adult daughters, as well as the wife and daughter of Foreign minister Sergey Lavrov, CNN reported.
The latest measures come in the wake of hundreds of civilian killings in the Kyiv suburb of Bucha.
After the withdrawal of Russian troops from the town, there were reports of at least 300 civilians being killed. Horrific images of mass graves and civilians being executed on the streets of Bucha emerged, shocking the world.
“Today we’re dramatically escalating the financial shock by imposing full blocking sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior official of the Joe Biden administration told reporters.
The fresh sanctions package ban all new investment in Russia, increase sanctions on financial institutions and state-owned enterprises in Russia, and sanction Russian government officials and their family members.
Also Read: Sanctions Force Russia To Offer More Oil To India
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