U.S. sanctions Putin’s adult children, bans all new investment in Russia

WASHINGTON -- The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the two adult daughters of Russian President Vladimir Putin.

Katerina Tikhonovna and Maria Putina, who are in their 30's, are rarely seen in public and almost never mentioned by their father. The Kremlin has only ever identified them by their first names.

"We believe that many of Putin's assets are hidden with family members, and that's why we're targeting them," said a senior administration official who spoke on background to preview the new measures.

In addition to Putin's daughters, the U.S. will sanction Russian Foreign Minister Sergei Lavrov's wife and daughter. Former President and Prime Minister of Russia Dmitry Medvedev and Prime Minister Mikhail Mishustin will be sanctioned as well, the White House announced.

Beyond individual designations, President Joe Biden will sign a new executive order prohibiting any new investment in Russia by Americans, which will apply to both U.S. residents and those living abroad.

Two of Russia's largest banks, Sberbank and Alfa Bank will also be subjected to full blocking sanctions for the first time, albeit with carve outs for energy purchases.

Several major Russian state enterprises are being placed under full blocking sanctions, the White House said, with specific entities to be announced later this week by the Treasury Department.

The new sanctions are being coordinated with members of the G-7 group of developed economies and the European Union, part of an effort to maximize their impact and minimize opportunities for the Kremlin to evade them, said the senior administration official.

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