U.S. preparing further sanctions against Russian oligarchs

March 03, 2022 / 6:55 AM
Sharjah24 - Reuters: The United States is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with the matter said on Wednesday, as Washington steps up pressure on Russian President Vladimir Putin over Moscow's invasion of Ukraine.
Some sanctions could be announced as early as this week, one of the sources told Reuters, adding that details are still being worked out. Washington is also readying sanctions against more officials in Putin's inner circle, the source said.

The U.S. Treasury Department issued new guidance on Wednesday to close loopholes it said Russia was exploiting to evade sanctions.

"Today’s guidance makes clear that such actions on behalf of Russia’s Central Bank are prohibited, closing off attempts to access the U.S. financial system," the Treasury Department said.

Washington has repeatedly warned that it was prepared to impose further costs on wealthy Russians. The U.S. Justice Department on Wednesday launched a task force known as "KleptoCapture" aimed at straining the finances of Russia's oligarchs.
March 03, 2022 / 6:55 AM

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