US to Impose Additional Russia Blocking Sanctions, Investment Ban

The U.S. will soon issue a series of new Russian financial restrictions, including full-blocking sanctions on the country’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank, the White House said April 6. The U.S. will also impose full-blocking sanctions against a group of “critical” Russian state-owned entities, Russian government officials, oligarchs and their family members, including President Vladimir Putin’s adult children. President Joe Biden will also issue an executive order blocking new investment in Russia by U.S. people or companies. The U.S. sanctions will be announced alongside similar measures by G7 member states and the EU.