The sanctions, issued by the Treasury and State Departments, take aim at the luxury assets of several prominent Russian elites — including several yachts and aircraft belonging to Putin’s associates — and “luxury asset management and service companies” working to evade US sanctions, according to a White House statement. The Commerce Department also issued new sanctions restricting Russia’s ability to secure military technologies.
The pressure target several prominent Russian elites and government officials, including Russian businessman God Nisanov, whom Secretary of State Antony Blinken calls “one of the richest men in Europe and a close associate of several Russian officials” and Russian Ministry of Foreign Affairs spokesperson Maria Zakharova .
The White House said in a statement that the latest sanctions are designed “to crack down on evasion and tighten our sanctions to enhance enforcement and increase pressure on Putin and his enablers.”
“President Putin’s war against Ukraine is also an attack on the principles of sovereignty and territorial integrity, enshrined in the UN Charter. Ukraine is fighting valiantly to defend its people and its independence with unprecedented assistance from the United States and countries around the world. The United States will continue to support the people of Ukraine while promoting accountability for President Putin and those enabling Russian aggression,” Blinken said in a statement announcing the sanctions.
The Treasury Department’s Office of Foreign Assets Control identified two yachts, the “Russia-flagged Graceful and the Cayman Islands-flagged Olympia,” as “blocked property in which President Vladimir Putin has an interest.”
Putin, according to the Treasury, has “taken numerous trips” on the yachts as recently as last year. It also designated several management companies and other owners associated with the yachts, as well as other yacht brokerage companies associated with Putin.
The sanctions also target two other yachts, the Shellest and the Nega, both owned by Russian companies.
“Shellest periodically travels to the coast where President Putin’s infamous Black Sea Palace is located, and President Putin uses Nega for travel in Russia’s North,” the Department of Treasury said.
Thursday’s Treasury sanctions also take aim at a “close friend” of Putin, Sergei Pavlovich Roldugin, who, according to, is “the godfather to one of Putin’s daughters,” as well as Roldugin’s wife, Elena Yuryevna Mirtova. Roldugin is the artistic director of the St. Petersburg Music House and Mirtova is a soprano opera singer.
The administration also sanctioned a series of other yachts and aircraft belonging to Putin associates.
Five additional Russian government officials were placed on the Department of Treasury’s sanctions list, including Yury Slyusar, the president of a Russian state-owned aircraft company, Vitaly Savelyev, the Minister of Transport, Maxim Reshentnikov, the Minister of Economic Development, Irek Envarovich Faizullin , the Minister of Construction, Housing, and Utilities, and Dmitriy Yuryevich Grigorenko, the deputy prime minister.
And the State Department has placed sanctions on six additional officials or entities, including God Nisanov, who per the State Department, is “a real estate investor and one of the richest people in Europe.” Russian Foreign Ministry spokesperson Maria Zakharova is also among those sanctioned. Severgroup, a “multi-billion-dollar Russia’s investment company with holdings and subsidiaries in metallurgy, engineering, mining, tourism, banking, technology, media, and finance, among other sectors” is also being sanctioned, along with its leader Alexey Mordashov and three members of his family.
Sanctions follow rocket announcement
In April, Biden declared “major war crimes” were being perpetrated in Ukraine after the White House announced new establishment on Russia’s largest financial institutions and number of individuals tied to the Kremlin, including Russian President Vladimir Putin’s two adult daughters. Biden cited horrific images coming from the Ukrainian city of Bucha, which Russian forces occupied, and said the US would continue ratcheting up the pressure on Putin and further isolate Russia from the rest of the world.
Since Russia’s unprovoked invasion of Ukraine began in February, the US and its allies have taken a wide range of actions intended to punish Moscow.
The US and several other countries have banned Russian aircraft from US airspace and expelled certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions around the world. The US has prohibited American dollar transactions with the Russian central bank and fully blocked the Russian direct investment fund, has implemented export blocks on technology as well as applied sanctions on Russian banks and billionaires and their families who are close to the Kremlin.
Biden has been conferring closely with other world leaders and is attempting to project unity among Western allies with a coordinated response. In March, the US President traveled to Europe to meet with world leaders in person and attend an emergency NATO summit to discuss Russia’s invasion.
This story has been updated with additional information.