4/6/22 - New Sanctions to Target Major Financial Institutions; Putin Family Members

New sanctions could directly target the children of Vladimir Putin.

A new round of sanctions are expected to be announced today, intended to further isolate the Russian economy. 

Sanctions would include further banning any new investment in Russian owned businesses.  They would also impose further limitations on the governments ability to use US Dollars to pay down debts, something the Russian government has been allowed to do while it's seen the value of the Ruble deteriorate since earlier sanctions were imposed.

These sanctions will directly hit family members of Vladimir Putin as well as two of the largest financial institutions in Russia. 

However, US officials admit, the sanctions will still take more time to drastically effect the Russian economy.  Despite seeing their currency collapse, Russia has been able to utilize their reserves to keep up with debt payments.  US leaders say the sanctions are intended to have that effect, but to also demonstrate unity among those sanctioning countries who have largely depended upon Russian oil and natural gas exports.