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U.S. imposes new sanctions on pro-Putin Russian oligarchs and their families

US President Joe Biden delivers his State of the Union Address before lawmakers in the US Capitol in Washington, DC, U.S., March 1, 2022.
Jim Lo Scalzo | Reuters

The United States on Thursday announced a new round of sanctions targeting Russian oligarchs and their family members who are supporting Russian President Vladimir Putin as he wages war in Ukraine.

The new penalties include “full blocking sanctions” on at least eight so-called Russian elites and visa restrictions on 19 Russian oligarchs, their 47 family members and close associates, according to the Biden administration.

One of those elites is Dmitry Peskov, Putin’s press secretary, who was already sanctioned earlier this week by the European Union.

The administration said it is targeting the visas in an effort to “direct, authorize, fund, significantly support, or carry out malign activities in support of Russia’s destabilizing foreign policy.”

The Treasury Department will also designate “disinformation targets,” including seven Russian entities and 26 Russia- and Ukraine-based individuals, according to the White House.

“These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be frozen and their property will be blocked from use,” the White House said in a fact sheet detailing the sanctions.

White House press secretary Jen Psaki said that the U.S. was confident that the new actions would be effective.

“It’s not the only step we’re taking, obviously,” Psaki said. “What we’re talking about here is seizing their assets, seizing their yachts and making it harder for them to send, you know, their children to colleges and universities in the West. These are significant steps that will impact the people who are closely around President Putin.”

The Russian elites named in the White House release are:

Nikolai Tokarev (his wife Galina, daughter Mayya, and his two luxury real estate companies)Boris Rotenberg (his wife Karina, and his sons Roman and Boris)Arkady Rotenberg (his sons Pavel and Igor and daughter Liliya)Sergei Chemezov (his wife Yekaterina, his son Stanislav, and stepdaughter Anastasiya)Igor Shuvalov (his five companies, his wife Olga, his son Evgeny and his company and jet, and his daughter Maria and her company)Yevgeniy Prigozhin (his three companies, his wife, Polina, his daughter Lyubov, and his son Pavel)Dmitry Peskov, President Putin’s press secretaryAlisher Usmanov (his superyacht and his private jet, one of Russia’s largest privately-owned aircraft)

The Russian entities being sanctioned are: SDN Strategic Culture Foundation and associated outlets; Odna Rodyna, Rhythm of Eurasia, and Journal Kamerton; SouthFront; SDN InfoRos; New Eastern Outlook; Oriental Review; United World International; and Geopolitical.

This is breaking news. Please check back for updates.

CNBC’s Amanda Macias contributed to this report.

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