US: America imposes sanctions on Russia’s major financial institutions, including Putin’s daughters

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Washington/New Delhi: The US has imposed additional sanctions on Russia for its military operation in Ukraine, which has targeted the country’s major financial institutions and the two daughters of Russian President Vladimir Putin.

According to a White House factsheet detailing the measures, the US on Wednesday imposed full blocking sanctions on Russia’s largest financial institution and the country’s largest private bank, Alfa Bank, to freeze any assets of both banks in US financials. Freeze. system and preventing Americans from doing business with them.

US President Joe Biden will sign an executive order banning new investments in Russia by Americans, regardless of where they live, the factsheet said, adding the executive order aims to “ensure permanent weakening of the Russian Federation’s global competitiveness”. To do. In addition, Americans would no longer be allowed to conduct business transactions with major Russian state-owned enterprises whose assets would be subject to US jurisdiction. The Treasury Department will announce the names of these institutions on Thursday.

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Full blockade sanctions will be imposed on Putin’s two adult daughters, the wife and daughter of Russian Foreign Minister Sergei Lavrov, Russian Prime Minister Mikhail Mishustin, as well as former Russian President and Prime Minister Dmitry Medvedev, who is now deputy chairman of Russia’s Security Council. These individuals will be cut off from the US financial system and the Biden administration will freeze their assets in the US, Xinhua news agency reported.

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Separately, the Treasury Department on Tuesday barred Russia from making loan payments with US dollars from the accounts of US financial institutions, making it harder for the Russian government to meet its financial obligations.

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