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U.S. to Sanction Putin Children, Banks Over Bucha Atrocities

  • Sberbank, Alfa Bank targeted with full blocking penalties
  • U.S. moving in concert with European allies on new sanctions
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WATCH: The U.S. is imposing new sanctions on Putin’s daughters.Markets: European Close.”
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The U.S. will impose new sanctions on Russia, including penalties on two of its largest banks and President Vladimir Putin’s daughters, following allegations of atrocities in Ukraine by Russian forces.

Full blocking sanctions will be imposed on Sberbank, Russia’s largest financial institution, and Alfa Bank, the country’s largest private bank, said Brian Deese, the director of the White House National Economic Council. All U.S. entities will be barred from transactions with them, with the exception of the energy sector.