The United States has imposed sanctions on the two teenage daughters of Russian President Vladimir Putin.
The latest move is partly in response to a scene in Bucha near Kiev More than 300 bodies have been discoveredIncluding some civilians with their hands tied behind their backs.
The United States has said many of the Russian president’s assets are hidden by family members.
The sanctions will also target Foreign Minister Sergei Lavrov’s wife and daughter.
Ukraine Live News: Major New Russian Attack ‘Probably Within Days’ – New Sanctions aimed at Putin’s Children
The fines would cut off all close family members of Mr Putin from the US financial system and confiscate any of their assets in the United States.
Meanwhile, US President Joe Biden is set to sign an executive order banning new investment in Russia.
In a statement, the White House said: “The United States, along with the G7 and the European Union, will continue to impose serious and immediate economic costs on the Putin government for its atrocities in Ukraine, including Bucha.
“We will document and share the details of this atrocity and use all appropriate means to hold those responsible accountable.
As part of this effort, the United States is announcing destructive economic measures to ban new investments in Russia and imposing the toughest financial sanctions on Russia’s largest bank and several of its most critically acclaimed state-owned enterprises, and on Russian government officials. Their family members.
“These massive financial sanctions follow our move earlier this week to cut off funds deposited by Russia in the United States for debt repayment. Importantly, these systems are designed to reinforce each other to create intense effects over time. “
The White House has said that if Mr Putin changes direction in Ukraine, US sanctions could be slow and likely to reverse.
Extensive financial sanctions follow the West’s move earlier this week to block Russia’s deposits in the United States to pay off debts.
EU leaders are meeting to approve plans to ban Russian coal and stop its ships from entering European ports.
Ukrainian President Volodymyr Zelensky said on Tuesday that the new sanctions must be “consistent with the gravity of the occupiers’ war crimes.”
“This is an important moment, especially for Western leaders. And that’s not how our people will evaluate the new sanctions and what I will say about them, “he said.