US, G7, and EU impose new sanctions on putin’s daughters and ban investment in Russia

The United States, along with the G7 and the EU, is imposing new sanctions on russian president putin's daughters, russia's largest banks, Alfa-Bank and Sberbank, and banning all new investments in russia.

This is stated in a statement on the website of the White House.

Sberbank is russia's largest government-owned financial institution, and Alfa-Bank is the largest private bank. The sanctions will freeze any of their assets related to the US financial system and prohibit US citizens from doing business with them.

In addition, the States will introduce a total ban on new investment in russia. To this end, US President Joe Biden will sign a new decree that includes a ban on new investments in russia by US citizens, regardless of their location.

"The move is based on a decision by more than 600 multinational companies to leave russia. Private sector exit includes producers, energy companies, large retailers, financial institutions, and other service providers such as law firms and consulting firms," ​​the White House statement said. 

The third step of the new US sanctions was restrictions against large russian state-owned enterprises in the critical sphere. This will prohibit US citizens from conducting transactions with these organizations and will freeze any of their assets under US jurisdiction. A detailed list of the Ministry of Finance will be released the next day on Thursday.

And the last part of the package is a complete blockade of the assets of putin's adult children, the wife and daughter of Foreign Minister lavrov, as well as members of the russian Security Council, including former russian Prime Minister and Prime Minister dmitry medvedev and Prime Minister mikhail mishustin.

Sanctions shut them down from the US financial system and freeze all their assets in the United States.