U.S. targets Putin's daughters, Russian banks in new sanctions
CTV
The U.S. rolled out a new wave of financial sanctions on Wednesday against Russia that President Joe Biden said would place a lasting penalty on the country's economy.
The United Kingdom quickly followed suit, and more pain was coming from the European Union as the allies pressed forward with an escalating campaign to tighten the economic screws on Russian President Vladimir Putin for "war crimes" in Ukraine.
Making it personal, the U.S. sanctions singled out the Putin's family, targeting his two adult daughters in addition to blocking two key Russian banks.
Biden said that "Russia has already failed in its initial war" after the country's forces were turned back from the Ukrainian capital of Kyiv. He cautioned, however, that "this fight is far from over."
"This war could continue for a long time," but the United States will continue to stand with Ukraine and Ukrainians in the fight for freedom, Biden said. "We're going to stifle Russia's ability to grow for years to come."
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