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US: Biden to impose new sanctions on Russian oligarchs in coming hours

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The Biden government plans to impose new sanctions on Russian oligarchs and members of their families. within the next few hourssources familiar with the matter told CNN.

The sanctions are expected to be broadly similar to those imposed by the European Union on oligarchs earlier this week, meaning some of the individuals will be the same, though not identical, an official said.

The US package, however, will be more extensive, as it will include travel bans for members of the oligarchs’ families as well.

Biden has already imposed sanctions on some top Russians near the Kremlin, along with their adult children. It has pledged to pursue the “illegal profits” of Russian oligarchs, including private jets, luxury apartments and yachts.

The White House commented that sanctions against Russian oligarchs have intended to exert pressure to President Vladimir Putin and that Thursday’s list of names will not be the last.

“One of the big factors we’re looking at is the (oligarchs’) proximity to President Putin,” said White House spokeswoman Jen Psaki when asked how the United States had chosen whom to impose sanctions on. “We want them to feel the pressure, we want the people around them to feel the pressure,” he said.

cnn.com

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