The move cuts the elites off from the U.S. financial system and freezes their assets, allowing officials to seize their luxury apartments, superyachts, and private jets.
The individuals and family members targeted by these sanctions include Putin's press secretary Dmitry Peskov; Transneft president Nikolai Tokarev; Yevgeniy Prigozhin, Boris Rotenberg; Arkady Rotenberg; Sergei Chemezov, Igor Shuvalov and one of Russia's wealthiest billionaires, Alisher Usmanov.
Usmanov, a close Putin ally, is also being sanctioned by the European Union. He has vast holdings in the Russian economy including in the metal and mining, telecommunications and information technology sectors. He and Putin allegedly have financial ties, too, according to the Treasury Department. His wife Galin and daughter Maiya Tokareva are also facing sanctions. According to the Treasury Department, Tokareva's real estate empire has been valued at more than $50 million in Moscow alone and includes three companies, one of which holds an island villa built by the 19th century Austrian emperor Franz Joseph I in Croatia.
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