New Sanctions On Russia Target Some Big Name Individuals

On Thursday, the United States imposed new sanctions against Russia as President Joe Biden travels to Europe for a series of summits with NATO and G7 leaders.

These new sanctions are in addition to those imposed by the Biden administration earlier this month and are directed at higher-profile Russian individuals.

These latest penalties, according to Secretary of State Antony Blinken, target 328 members of the Russian State Duma, the lower house of the country’s parliament. The US is also penalizing Russia’s State Duma “in its whole,” as well as Sberbank CEO Herman Gref, a close supporter of Russian President Vladimir Putin.

According to Blinken, more Russian elites, bank board members, and defense entities will be sanctioned.

“As part of this action, we are also targeting multiple Russian elites to include their properties and family members,” Blinken said. “Notably, this will include 17 members of the board of PJSC Sovcombank, a designated entity. These executives join the growing list of individuals associated with blocked Russian financial institutions that now also find themselves subject to U.S. sanctions.”

“Additionally, the United States is taking action to impose additional severe costs on Russia’s defense establishment. This includes designating multiple defense-related entities and one associated individual. An important component of today’s action is designating Russian defense companies that are part of Russia’s defense-industrial base and that produce weapons that have been used in Russia’s war of aggression,” Blinken continued.

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