The U.S. is expected to in the coming days announce new sanctions against Vladimir Putin's financial allies.
Officials at the White House and Treasury Department are working on producing a list of names that is expected to overlap in part with the lineup of Russian oligarchs who were newly subjected to sanctions by the European Union on Monday, the people said.
President Biden said in his State of the Union address on Tuesday night that the U.S. would join with Europe to “seize their yachts, their luxury apartments, their private jets.”“Tonight, I say to the Russian oligarchs and the corrupt leaders who built billions off this violent regime — no more,” the president said. “We’re coming for your ill-begotten gains.”
The additional sanctions represent one part of the unprecedented campaign of economic measures against Russian oligarchs tied to the Kremlin. In the past week alone, Western leaders have announced a series of punitive measures targeting the network of business executives and politically connected donors who are widely regarded as critical allies of the Russian president.In addition to the sanctions released Monday by the E.U.
But the West’s attempts to punish Russia’s financial elites face major logistical hurdles and carry the risk of further retaliation from the Kremlin. Some experts said they also might drive Russia’s business elites to be more, not less, supportive of Putin — while also potentially inadvertently hitting oligarchs who have opposed Moscow’s aggression in Ukraine.At least in the United States, the effort to freeze or seize assets of Russians close to Putin is also likely to be stymied by a U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Teenager Who Tracks Elon Musk’s Plane Has a New Obsession: Monitoring Russian Oligarchs, Vladimir PutinThe Florida teen who garnered attention for tracking Elon Musk’s private jet is now publicizing the movements of planes owned by Russian oligarchs and aircraft associated with Vladimir Putin
Read more »
Vladimir Putin is facing stiffer opposition than expected -- both inside and outside UkraineFive days into Russia's invasion of Ukraine, it seems things haven't gone exactly to plan for Vladimir Putin so far.
Read more »
Ukrainian UFC Fighter Has Message For Vladimir Putin, 'F*** You, B**ch!'Ukrainian UFC fighter Maryna Moroz -- who's fighting in 5 days -- has a message for Russian President Vladimir Putin ... 'F**k you, b*tch! I love my country. Don't touch Ukraine!'
Read more »
Hackers are having way too much fun going after Vladimir PutinIn the latest Ukraine news following the Russia-led invasion, hackers have gone after a $97 million luxury yacht owned by Vladimir Putin.
Read more »
Ukrainian UFC fighter has message for Vladimir Putin: 'F--- you, b----!''F--- YOU, B----!': Ukrainian UFC fighter doesn't mince words when it comes to Putin.
Read more »
Did Vladimir Putin pressure Mikhail Prokhorov to sell the Brooklyn Nets?When Russian billionaire Mikhail Prokhorov sold the Brooklyn Nets more than two years ago, he gave up ownership of the NBA franchise partly because of pressure from Vladimir Putin, The Post has lea…
Read more »