- The United States targeted Russian banks and elites with a new round of sanctions, including banning Americans from investing in Russia.
- The new sanctions hit Russia’s Sberbank (SBER.MM), which holds one-third of Russia’s total banking assets, and Alfabank, the country’s fourth largest financial institution.
- The United States is also sanctioning Russian President Vladimir Putin’s two adult daughters, Russian Foreign Minister Sergei Lavrov’s wife and daughter, and senior members of Russia’s security council.