The United States on Wednesday announced sanctions targeting Russian President Vladimir Putin’s two adult daughters and said it was toughening penalties against Russian banks in retaliation for “war crimes” in Ukraine.
The moves against Sberbank and Alfa Bank prohibit assets from touching the U.S. financial system and bar Americans from doing business with those institutions.
Videos and images of bodies in the streets of Bucha after it was recaptured from Russian forces have unleashed a wave of indignation among Western allies, who have drawn up new sanctions as a response. “A billion euro is what we pay Putin every day for the energy he provides us since the beginning of the war. We have given him 35 billion euro. Compare that to the one billion that we have given to the Ukraine in arms and weapons,” Borrell said.
Separately, the Treasury Department moved Tuesday to block any Russian government debt payments with U.S. dollars from accounts at U.S. financial institutions, making it harder for Russia to meet its financial obligations. But European Council President Charles Michel said the bloc should keep up the pressure on the Kremlin, suggesting that an embargo on gas imports should also be required at some point in the future.
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