A view of the Duma, the lower chamber of Russia's Federal Assembly, in central Moscow. AFP
A view of the Duma, the lower chamber of Russia's Federal Assembly, in central Moscow. AFP
A view of the Duma, the lower chamber of Russia's Federal Assembly, in central Moscow. AFP
A view of the Duma, the lower chamber of Russia's Federal Assembly, in central Moscow. AFP

US Treasury places additional sanctions on Russian oligarchs


Patrick deHahn
  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

The US has imposed further sanctions on Russians in elite business and political circles, including those in the Kremlin and Duma, the Treasury Department said on Friday.

Washington said the fresh efforts were aimed at "[Russian President Vladimir] Putin's enablers and elites”, as the US increases economic pressure on Russia two weeks after it launched its invasion of Ukraine.

The sanctions name three family members of Mr Putin's spokesman Dmitriy Peskov.

Mr Peskov was sanctioned earlier in March, but his wife and two adult children have been included in this round. All of the family's US assets will now be blocked or seized.

The US also placed sanctions on Vyacheslav Volodin, chairman of the Duma, one of the chambers of the Russian Federal Assembly.

Another 11 members of the Duma are also named in the sanctions.

“Treasury continues to hold Russian officials to account for enabling Putin’s unjustified and unprovoked war,” US Treasury Secretary Janet Yellen said.

In February, Donetsk and Luhansk, Russian-backed separatist enclaves in eastern Ukraine, requested that Moscow recognise their independence. Russia accepted and later used this as a reason to attack Ukraine.

The 11 members of the Duma named in the sanctions encouraged Mr Volodin to support the recognition of those regions. He brought the issue to a vote and the body then approved sending the resolution to the Russian president.

Earlier on Friday, President Joe Biden announced that the US had moved to revoke Russia's “most favoured nation” trade status, which will place further tariffs and bans on Russian imports.

The US and its allies have been accused of missing many Russian oligarchs in their sanctions, but the new measures will affect some of the richest people in the country.

Washington also hit VTB Bank's 10-member management board after earlier economic measures took aim at the bank itself.

VTB Bank is Russia's second largest financial institution.

“Today’s actions also further isolates the severely damaged Russian economy by prohibiting trade in products that are key to the economic and financial interests of all Russian elites,” Ms Yellen said.

  • Members of the Russian police force and Rosgvardia, the country’s domestic army, patrol Red Square, Moscow. AFP
    Members of the Russian police force and Rosgvardia, the country’s domestic army, patrol Red Square, Moscow. AFP
  • A Renault car showroom in St Petersburg. Reuters
    A Renault car showroom in St Petersburg. Reuters
  • An Ikea store in Khimki, about 18 kilometres north-west of Moscow. Bloomberg
    An Ikea store in Khimki, about 18 kilometres north-west of Moscow. Bloomberg
  • Traditional Russian dolls, also known as matryoshki, sit in the window of a Swatch Group wristwatch shop at the GUM department store in Moscow. Bloomberg
    Traditional Russian dolls, also known as matryoshki, sit in the window of a Swatch Group wristwatch shop at the GUM department store in Moscow. Bloomberg
  • A Chanel concession occupies the middle of the lower floor of the GUM department store, on Red Square in the Russian capital. Bloomberg
    A Chanel concession occupies the middle of the lower floor of the GUM department store, on Red Square in the Russian capital. Bloomberg
  • Food manufactured by Nestle sits on display inside the Detsky Mir children’s goods store on Vozdvizhenka St, Moscow. Bloomberg
    Food manufactured by Nestle sits on display inside the Detsky Mir children’s goods store on Vozdvizhenka St, Moscow. Bloomberg
  • US chipmaker Intel Corp’s ‘smart building’ in Petah Tikva, near Tel Aviv, Israel. Intel announced on Tuesday that it was suspending operations in Russia. Reuters
    US chipmaker Intel Corp’s ‘smart building’ in Petah Tikva, near Tel Aviv, Israel. Intel announced on Tuesday that it was suspending operations in Russia. Reuters
  • A woman walks past a closed H&M store in Moscow. Reuters
    A woman walks past a closed H&M store in Moscow. Reuters
  • An electronic billboard on RusHydro’s Institute Hydroproject building in Moscow displays a Samsung advert. Reuters
    An electronic billboard on RusHydro’s Institute Hydroproject building in Moscow displays a Samsung advert. Reuters
  • Customers queue to enter Uniqlo in Moscow. In early March, the Japanese fashion brand said it would stop selling clothes in Russia, having earlier defended its decision to keep its stores in the country open. Reuters
    Customers queue to enter Uniqlo in Moscow. In early March, the Japanese fashion brand said it would stop selling clothes in Russia, having earlier defended its decision to keep its stores in the country open. Reuters
  • A Marks & Spencer store in the Afimall City mall at Moscow International Business Centre. Bloomberg
    A Marks & Spencer store in the Afimall City mall at Moscow International Business Centre. Bloomberg
  • An Apple store at the Aviapark shopping centre in Khoroshyovsky, Moscow, in 2020. Bloomberg
    An Apple store at the Aviapark shopping centre in Khoroshyovsky, Moscow, in 2020. Bloomberg
  • A woman drinks coffee inside a Starbucks cafe in Khimki in 2007. Reuters
    A woman drinks coffee inside a Starbucks cafe in Khimki in 2007. Reuters
  • An employee fills the tank of a car at a BP petrol station in Moscow in 2016. Reuters
    An employee fills the tank of a car at a BP petrol station in Moscow in 2016. Reuters
  • People eat at McDonald’s in central Moscow in 2016. Reuters
    People eat at McDonald’s in central Moscow in 2016. Reuters
  • An advert for US soft drink giant Pepsi sits above a sign for a McDonald's restaurant in Moscow. AFP
    An advert for US soft drink giant Pepsi sits above a sign for a McDonald's restaurant in Moscow. AFP
  • Bottles of Coca-Cola are displayed at Colonial Liquors in Corte Madera, California. In early March, the soft drinks brand said it was withdrawing from the Russian market. AFP
    Bottles of Coca-Cola are displayed at Colonial Liquors in Corte Madera, California. In early March, the soft drinks brand said it was withdrawing from the Russian market. AFP
  • The Netflix building on Sunset Boulevard in Los Angeles, California. The streaming site has suspended its services in Russia. AFP
    The Netflix building on Sunset Boulevard in Los Angeles, California. The streaming site has suspended its services in Russia. AFP
  • TikTok’s UK office in London. The Chinese company has restricted uploads to its social media service in Russia to avoid falling foul of the country’s strict new online publishing rules. AFP
    TikTok’s UK office in London. The Chinese company has restricted uploads to its social media service in Russia to avoid falling foul of the country’s strict new online publishing rules. AFP
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The biog

Siblings: five brothers and one sister

Education: Bachelors in Political Science at the University of Minnesota

Interests: Swimming, tennis and the gym

Favourite place: UAE

Favourite packet food on the trip: pasta primavera

What he did to pass the time during the trip: listen to audio books

Allardyce's management career

Clubs (10) - Limerick (1991-1992), Perston North End (1992), Blackpool (1994-1996), Notts County (1997-1999), Bolton Wanderers (1999-2007), Newcastle United (2007-2008), Blackburn Rovers (2008-2010), West Ham United (2011-2015), Sunderland (2016), Crystal Palace (2016-2017)

Countries (1) - England (2016)

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: April 27, 2022, 1:39 PM