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US Govt and EU announce severe sanctions on two Putin daughters and toughen penalties on Russian banks

The United State Government, G7 and European Union have announced severe and immediate economic sanctions on Russian President Vladimir Putin for his invasion of Ukraine.

The following actions include full blocking sanctions on Russia’s largest financial institution, Sberbank, and largest private bank, Alfa Bank.

Sanctions were also levied on Putin’s children, Foreign Minister Sergeĭ Viktorovich Lavrov’s wife and daughter and members of Russia’s Secretary Council.

US President Joe Biden is also expected to sign a new Executive Order that will include a “prohibition on new investment in Russia by US persons wherever located,” further isolating Russia from the global economy.

About the author

Joseph Chukwuma Oputa

Joseph Chukwuma Oputa is the Managing Editor of Maslow Businessnews and Physicians News publications published by Maslow Business News Publications, Lagos, Nigeria.

Joseph Oputa is a proud Alumnus of the prestigious Nigerian Institute of Journalism, Lagos and Federal Polytechnic, Bida, Niger State.

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