The Biden administration on Thursday announced that it’s coordinating with U.S. allies to sanction additional Russian oligarchs and their family members, as part of the Western response to Russia’s invasion of Ukraine. “These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be frozen and their property will be blocked from use,” the White House said in a statement. The individuals who are facing “full blocking sanctions” include Dmitry Peskov, press secretary for Russian President Vladimir Putin, as well as Alisher Usmanov, whose megayacht was recently seized by Germany. “The United States will also impose visa restrictions on 19 oligarchs and 47 of their family members and close associates,” the White House said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.