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Vladimir Putin in Grand Kremlin Palace. Photo: Mikhail Svetlov / Getty Images

The U.S. Treasury Department is sanctioning 7 Russian oligarchs and 12 companies the oligarchs own or control for their “ongoing and increasingly brazen malign” activity, a senior administration official told reporters Friday.

Why it matters: The move targets Russian President Vladimir Putin’s inner circle, including his son-in-law, and represents the toughest sanctions against Russia since Trump took office. One senior administration official said the goal is to show that “the elite are not immune for accountability for the actions of the Russian government." It comes as tensions between Russia and the West are rising — fast.

Reality check: There are concerns the Trump administration dragged its feet on targeting Putin’s inner circle, giving them time to restructure their U.S. holdings.

The sanctions come in response to ongoing malicious cyber activities, attempts to subvert Western democracies, Russia’s invasion of Crimea and violence in Ukraine, as well as its assistance to the Syrian regime in bombing its civilians, the administration official said.

  • In addition to the oligarchs and their businesses, the U.S. is also sanctioning 17 Russian government officials; several energy companies, a state-owned weapons trading company with longstanding ties to the Syrian government, and its subsidiary, a Russian bank.
  • The effect: Those sanctioned will have their U.S. assets frozen, and U.S. individuals will be barred from dealing with them. Americans who knowingly try to help those being listed could also face sanctions.

One familiar name: Oleg Deripaska is targeted in these sanctions. Trump's former campaign chairman, Paul Manafort started working for Deripaska in 2006. Manafort reportedly sent an email to Deripaska asking if he wanted private briefings on the campaign.

Timing: Last month the U.S. announced sanctions against Russian cyber actors for meddling in the U.S. election.

Go deeper: Meet Putin's oligarchs.

Go deeper

Updated 3 hours ago - World

U.S. releases report finding Saudi prince approved Khashoggi operation

Photo: Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency via Getty Images

The Office of the Director of National Intelligence (ODNI) has released an unclassified report assessing that Saudi Crown Prince Mohammed bin Salman (MBS) approved the operation to "capture or kill" Washington Post journalist Jamal Khashoggi in 2018.

Driving the news: The White House also announced sanctions on entities implicated in the murder, though not on MBS directly. Officials also announced a new "Khashoggi ban" under which individuals accused of harassing journalists or dissidents outside their borders can be barred from entering the U.S.

About 20% of U.S. adults have received first vaccine dose, White House says

Joe Biden speaks during an event commemorating the 50 million COVID-19 vaccine shots. Photo: Doug Mills-Pool/Getty Images

Nearly 1 in 5 adults and nearly half of Americans 65 and older have received their first dose of the coronavirus vaccine, White House senior adviser Andy Slavitt said on Friday.

The big picture: The Biden administration has previously said it has secured enough doses to vaccinate most of the American population by the end of July.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: Employers mull COVID vaccine requirements — New data reignites the debate over coronavirus vaccine strategyPfizer begins study on 3rd vaccine dose as booster shot against new strains.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

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