We will increase economic pressure on Putin.
US President Joe Biden said the new measures would “increase economic pressure on Putin”.
The United States has imposed new sanctions on the daughters of Russian President Vladimir Putin and several financial institutions.
“First, the United States will impose full blocking sanctions on Sberbank, Russia’s largest financial institution to date, and Alfa Bank, its largest private bank,” he said. “We are closing every account.” , any funds that those banks hold in the United States. “They will not be able to touch any of their money, they will not be able to do any business here.”
“And secondly, I will sign an executive order, which will stop any new US investment in Russia, more than 600 private sector companies,” the president said.
The two target banks said the sanctions would not have a major impact on their operations.
The US is coordinating increasingly harsh sanctions with the group of seven richest countries and the European Union.