U.S. Readies New Sanctions on Russian Oligarchs

“President Joe Biden is poised to impose sanctions on a number of Russian oligarchs and their families on Thursday, as the U.S. and its allies seek to exert further pressure on the wealthy businessmen around President Vladimir Putin in response to the invasion of Ukraine,” Bloomberg reports.

“The sanctions will be in keeping with measures the European Union imposed on Feb. 28… But the U.S. restrictions will be broader, prohibiting the tycoons’ travel to the U.S. and also targeting their families to prevent them from transferring assets to spouses or children, a tactic that’s been used in the past to evade sanctions.”