Latest US sanctions target yachts and middlemen linked to Putin

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Latest US sanctions target yachts and middlemen linked to Putin
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Washington also imposes sanctions on more of Russia’s rich, steel giant Severstal and Nord Gold

Russian President Vladimir Putin, left, awards Sergei Roldugin during a ceremony at the Kremlin in Moscow, Russia, September 22 2016. Picture: IVAN SEKRETAREV/REUTERS

In his State of the Union address in March, President Joe Biden said the US would work to seize the yachts, luxury apartments and private jets of wealthy Russians with ties to Putin.and the Cayman Islands-flaggedas property in which Putin has an interest. The Russian president, who was blacklisted the day after his invasion of Ukraine, has taken numerous trips on the yachts, including one in the Black Sea with Belarusian President Aleksandr Lukashenko in 2021, the Treasury said.

Putin in 2016 defended Roldugin after he was named in the “Panama Papers” leaks, denying there was anything corrupt about his friend’s involvement in offshore companies.

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