US sanctions Putin’s daughter, Russian Banks

US sanctions Putin’s daughter, Russian Banks

Washington: On April 6, the United States targeted Russian banks and elites with a new package of sanctions on Wednesday, including banning Americans from investing in Russia, in response to what President Joe Biden condemned as Russian “atrocities” in Ukraine. The new sanctions hit Russia’s Sberbank (SBER.MM), which holds one-third of Russia’s total banking assets, and Alfabank, the country’s fourth-largest financial institution, U.S. officials said. But energy transactions were exempted from the latest measures, the officials said.

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