The United States has announced sanctions targeting Russian President Vladimir Putin's two adult daughters and says it's toughening penalties against Russian banks in retaliation for "war crimes" in Ukraine.
The United Kingdom and the European Union were also set to take additional steps, including a ban on new investment in Russian and an EU embargo on coal, after the recent evidence of atrocities in areas around Kyiv, including the town of Bucha.
The US has acted against two of Russia's largest banks, Sberbank and Alfa Bank, prohibiting assets from going through the US financial system and barring Americans from doing business with those two institutions.
In addition to sanctions aimed at Putin's adult daughters, Mariya Putina and Katerina Tikhonova, the US is targeting other figures close to the President.
They include Prime Minister Mikhail Mishustin; the wife and children of Russian Foreign Minister Sergey Lavrov; and members of Russia's Security Council, including Dmitry Medvedev, a former president and prime minister.
The penalties cut all of Putin's close family members off from the US financial system and freeze any assets they hold in the United States.
President Joe Biden called the latest round of sanctions "devastating."
"I made clear that Russia would pay a severe and immediate price for its atrocities in Bucha," Biden said in a tweet.
Biden was expected to sign an an executive order that would ban new investment in Russia by Americans no matter where they are living.
The US Treasury Department is preparing more sanctions against major Russian state-owned enterprises, according to the White House.
Videos and images of bodies in the streets of Bucha after it was recaptured from Russian forces have unleashed a wave of indignation among Western allies, who have drawn up new sanctions as a response.
Australian Associated Press
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