Also included were 17 government officials, the Russian Financial Corporation Bank and the state-owned Russian weapons trading company, Rosoboroneksport.
The Office of Foreign Assets Control in consultation with the US State Department introduces sanctions against seven Russian businessmen and twelve companies owned or control by them, according to the official. "The Russian government operates for the disproportionate benefit of oligarchs and government elites", Treasury Secretary Steven Mnuchin said.
Many of the Russian oligarchs and politicians and affiliated businesses had already been identified by the Treasury and State Department as potential targets on a list that was compiled and published in January.
"These new sanctions send a clear message to Vladimir Putin that the illegal occupation of Ukraine, support for the Assad regime's war crimes, efforts to undermine Western democracies, and malicious cyberattacks will continue to result in severe consequences for him and those who empower him", Sen.
As a result of the punishment, all assets of the designated persons and entities that are subject to USA jurisdiction are frozen, and US persons are generally prohibited from dealing with them.
The BCS GM analyst believes that the effect on the market from these sanctions is likely to be fairly limited, as it does not increase risks to the traded companies.
USA intelligence agencies say Russian Federation used hacking and propaganda in an effort eventually aimed at favouring Trump over Democrat Hillary Clinton.
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While U.S. officials have acknowledged preparing and training for offensive cyber operations, they've been tight-lipped about their actual capabilities.
The move comes after Britain, the United States and other North Atlantic Treaty Organisation countries expelled more than 150 Russian diplomats in a show of solidarity over the poisoning of a former Russian spy and his daughter, who were attacked with a nerve agent in Britain.
The ministry's message to the administration of US President Donald Trump added that Russia wouldn't "be spoken to in the language of sanctions" and warned that thousands of US jobs depend on Russian firms hit by that latest wave of penalties.
The sanctions come weeks after the poisoning of the former double agent, Sergei Skripal in the United Kingdom, which lead to a worldwide diplomatic backlash against Russia with more than 100 Russian diplomats expelled from countries across the globe in response.
Mueller's team has also made an informal voluntary document and interview request to a third Russian oligarch who has not traveled to the USA recently.
Those targeted by the new sanctions include Putin's body guard, son-in-law, the head of Russia's national security council and a former prime minister, CBS News' Kylie Atwood reports.
"This is an example of uncontrolled anti-Russian hysteria led by the USA and successfully exported to the European continent", Slutsky was quoted as saying by the Russian newswire Tass.