A senior Biden administration official has said the US is announcing sanctions on Vladimir Putin’s two adult daughters.
The latest move is in response to the apparent mass killing of civilians in Ukraine’s Bucha, which has received international condemnation.
The US believes many of the Russian president’s assets are hidden with family members.
Sanctions will also target foreign minister Sergei Lavrov’s wife and daughter.
The penalties will cut off all of Mr Putin’s close family members from the US financial system and freeze any assets they hold in the States.
The official said that if Mr Putin were to change course in Ukraine, US sanctions could potentially slow and possibly reverse.
Meanwhile, US President Joe Biden is set to sign an executive order banning new investment in Russia.
