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The U.S. Treasury is finalizing a list of oligarchs close to Vladimir Putin to be penalized under the sanctions passed last year in response to the Kremlin’s election meddling. It’s “expected to amount to a blacklist of Russia’s elite,” per Bloomberg.

The big picture: Two Russian billionaires have been caught up in the Russia probe, while suspicion around other wealthy men with close ties to Putin has deepened in Washington. Here’s a look at the oligarchs already under U.S. sanctions, and the ones who have caught Robert Mueller's eye.

Expand chart
Card deck: Axios Visuals. Net worth estimates via Forbes

The state of the oligarchy: Despite Russia’s economic woes, just three countries (the U.S., China and Germany) have more billionaires than Russia’s 96, according to Forbes. Together they are worth about $400 billion dollars — and that sum is growing.

Some of Russia’s richest men rose to prominence before Vladimir Putin came to power, but remaining among Russia’s business elite requires at least tacit support for, and from, the president.

Meanwhile a newer cluster of oligarchs has entered the fray. These are members of Putin’s inner circle, who have capitalized on those bonds to grow their wealth and influence.

The latest: Four U.S. senators are calling on the White House to include Alisher Usmanov, a metals magnate and former Facebook investor worth $15.1 billion, in the next round of sanctions.

Go Deeper:

Go deeper

The startup that wants to disrupt big internet providers

Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

55 mins ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.

Climate reckoning for oil and gas CEOs

Illustration: Aïda Amer/Axios

Top executives from ExxonMobil, BP, Chevron and Shell will face a reckoning on Capitol Hill Thursday, as they're grilled on evidence that their companies knew for years that their products were driving climate change but chose to downplay or deny it.

Why it matters: The hearing before the House Oversight Committee will be the first time these executives have been brought together to provide sworn testimony regarding what they knew about the ties between their company's products and climate change, and when they knew it.