The US is banning investment in Russia and imposing sanctions on Putin’s daughters.
The United States, along with the G7 and the EU, imposed new sanctions on Russian President Putin’s daughters, Russia’s largest banks, Alfa-Bank and Sberbank, and banned all new investments in Russia, announced the White House. Sberbank is Russia’s largest government-owned financial institution, and Alfa-Bank is the largest private bank. The sanctions will freeze any of their assets related to the US financial system and prohibit US citizens from doing business with them. In addition, the US will introduce a total ban on new investment in Russia. To this end, US President Joe Biden will sign a new decree that includes a ban on new investment in Russia by US citizens, regardless of their location.