The Biden administration and its allies announced a fresh round of Russian sanctions on Saturday that will not only target the banking system, but the physical assets of sanctioned oligarchs — including their yachts and mansions.
"We’ll go after their yachts, their luxury apartments, their money and their ability to send their kids to fancy colleges in the West," a senior administration official said about the new crackdown.
Russian President Vladimir Putin listens to a journalist's question during a joint news conference with Hungary's Prime Minister Viktor Orban following their talks in the Kremlin in Moscow, Russia, Tuesday, Feb. 1, 2022. Putin says the U.S. and its a The commitment came from the U.S., European Commission, France, Germany, Italy, the United Kingdom and Canada as part of their larger announcement to expel certain Russian banks from the SWIFT financial system and to sanction the Russian Central Bank.
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