President Trump imposed harsh new sanctions on Russian nationals and entities Friday; ratcheting up the pressure on Vladimir Putin just days after he expelled nearly 60 American diplomats.
The Trump administration imposed strict sanctions against seven Russian businessmen and over a dozen government officials in the White House’s latest round of penalties following the Kremlin’s interference in the 2016 presidential election.
“The sanctions are designed to penalize some of Russia’s richest industrialists, who are seen in the West as enriching themselves from Mr. Putin’s increasingly authoritarian administration,” writes the New York Times.
“The Russian government operates for the disproportionate benefit of oligarchs and government elites,” said Treasury Secretary Steven Mnuchin. “Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilizing activities.”