Biden targets the daughters of Russian President Vladimir Putin in the White House’s latest round of sanctions. Putin’s two daughters, Katerina Vladimirovna Tikhonova and Maria Vladimirovna Vorontsova are suspected by the United States authorities to be hiding their father’s wealth.

“We have reason to believe that Putin, and many of his cronies, and the oligarchs, hide their wealth, hide their assets, with family members that place their assets and their wealth in the US financial system, and also many other parts of the world,” a senior Biden administration official said in a statement to reporters.

Sanctions announced last Wednesday also included Russian Foreign Minister Sergey Lavrov’s daughter and wife, members of the Russian Security Council, former President and Prime Minister of Russia Dmitry Medvedev, and Prime Minister Mikhail Mishustin.

“We believe that many of Putin’s assets are hidden with family members, and that’s why we’re targeting them,” the official said, speaking on the condition of anonymity.

Putin and his family on a boat in Primorsky Krai, 2002. From left to right, Katerina, Vladimir, Lyudmila and Maria (, CC BY 3.0 <>, via Wikimedia Commons). Source:
Putin and his family on a boat in Primorsky Krai, 2002. From left to right, Katerina, Vladimir, Lyudmila, and Maria (Kremlin.ruCC BY 3.0, via Wikimedia Commons)

This round of sanctions follows recent accusations of Russia committing war crimes with international condemnations from the US and its allies for the mass killings in Bucha. Moscow has denied allegations of attacking civilians or committing any war crimes in the particular city. Russian UN Ambassador Vasily Nebenzya said during a recent UN meeting that Ukraine’s allegations were fake.

However, recently intercepted radio communications from the Russians obtained by Germany’s foreign intelligence service reveal that the Russian soldiers were discussing the killings quite casually, with further evidence pointing to the Wagner Group being involved. Furthermore, a recent analysis of satellite images taken from the dates of the Russian occupation of Bucha done by The New York Times also reveals that the dead bodies appeared on dates when Russians had held the city.

The White House also announced that it would further ban American investments in Russia and freeze the assets of more Russian financial institutions and individuals. The move was made in coordination with the G7 and the European Union.

Putin’s wealth is considered a sensitive topic in Russia. The Kremlin has maintained that the Russian leader is of modest wealth. Last year, Russian officials denied allegations from opposition figurehead Alexei Navalny that Putin owned a lavish palace near the Black Sea.