Biden enforces sanctions on Russian oligarchs, 'Putin's cronies'

The US has announced fresh sanctions on Russian oligarchs - the latest attempt to squeeze President Vladimir Putin as his intrusion of Ukraine continues.The new charges will target members of the Russian elite, their households and close partners, cutting them off from the US financial system.

" The objective is to maximise the influence on Putin," US President Joe Biden stated.Dmitry Peskov, Mr Putin's press secretary, is among those targeted in the most recent blockade.Mr Peskov, 54, is currently sanctioned by the European Union, and now joins a list of 8 oligarchs and nearly 2 dozen of their member of the family and associates whose properties in the United States will be frozen, and have their American residential or commercial properties blocked from use.

Another 19 oligarchs - consisting of Putin ally Alisher Burhanovich - and 47 of their member of the family will deal with US visa constraints." These people have enhanced themselves at the cost of the Russian people," the White House said on Thursday. "We will continue to deal with our allies and partners to hold accountable the Russian oligarchs and corrupt leaders who are benefiting from this violent regime."

Earlier today, Mr Biden had actually assured to go after Russian oligarchs who have "bilked [taken] billions of dollars off this violent regime" when speaking of the Ukraine crisis at his State of the Union address.On Thursday, Mr Biden said the existing sanctions carried out with Western allies, such as blocking Moscow from the Swift international payments system and restrictions against the Russian central bank, were currently having a "profound" effect.

"Our interest is preserving the greatest unified financial impact campaign on Putin in all history and I believe we're well on the way to doing that," he stated.The UK likewise revealed additional sanctions against 2 Russian oligarchs on Thursday.

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