White House ready to sanction Putin's inner circle

The White House said on Monday it had drawn up “specific sanctions packages” to hit Russian “elites” who are “in or near the Kremlin’s i...

The White House said on Monday it had drawn up “specific sanctions packages” to hit Russian “elites” who are “in or near the Kremlin’s inner circle” if President Vladimir V. Putin orders an invasion of Russia. Ukraine.

President Biden’s press secretary, Jen Psaki, said the sanctions were being coordinated with US allies, primarily in Europe. She confirmed reports that President Biden authorized actions that go far beyond what the Obama White House approved after Russia annexed Crimea in 2014.

Ms Psaki said nothing about the direct pursuit of Mr Putin’s assets, but senior officials have said in recent days that some of the names on the list include oligarchs and others who are widely believed to be hold assets for the Russian leader.

“The individuals we have identified are in or near the Kremlin’s inner circle and play a role in government decision-making or are minimally complicit in the Kremlin’s destabilizing behavior,” Psaki said. “Many of these people are particularly vulnerable targets because of their deep financial ties to the West, as they would be harmed by sanctions that tie them to Western financial systems.”

She called the list, which the White House has not released, “part of our efforts to hit Russia from every angle” in the event of an invasion.

Many of those who would be on the list had known for years that they were potentially in US hotspots, and some likely moved their assets to try to get them out of reach. But the extent of their success may not be known unless the sanctions are invoked.

Until Monday, the White House had spoken publicly only about preventing Russia’s biggest banks from carrying out financial transactions; restrict the export of key technologies needed by major Russian manufacturers, including arms suppliers; and limiting access to consumer goods, especially those containing microelectronics made or designed in the United States.

In the past, the United States has been cautious about directly hitting the assets of Mr. Putin, his cabinet and his advisers. Now, Mr. Biden and his aides have concluded that it would be best to signal that they would be personally cut off from the international financial system and that their money and investments could not be parked in Western markets.

In a striking change, the United States also plans to ban the children of certain Russian elite figures from attending prestigious universities in the United States and Europe. Like the Chinese elite, many powerful Russians send their children to the best colleges and graduate schools in the United States and Europe.

British government officials also confirmed on Monday that they were planning parallel sanctions.

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Newsrust - US Top News: White House ready to sanction Putin's inner circle
White House ready to sanction Putin's inner circle
Newsrust - US Top News
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