U.S. Announces New Sanctions on Putin’s Kids, Bans New Investments in Russia

The U.S. on Wednesday announced a new batch of sanctions on Russia including on President Putin’s adult children.

The U.S. and its allies have already imposed several sanctions since the country began its invasion of Ukraine nearly two months ago, including limiting imports and cutting the nation off from significant sectors of the global financial system.

Now, the U.S. will prohibit any new investments in Russia.

Additionally, the wife and daughter of Russian Foreign Minister Sergei Lavrov and other members of Putin’s inner circle - including former Russian President Dmitry Medvedev and Prime Minister Mikhail Mishustin - have also been targeted, Just the News reports.

"These individuals have enriched themselves at the expense of the Russian people. Some of them are responsible for providing the support necessary to underpin Putin’s war on Ukraine," the White House said.

The U.S. will also impose full sanctions on the country's largest private bank, Alfa Bank, as well as Sberbank, the country's largest financial institution.