The Biden administration announced sanctions targeting an expansive list of Russian elites and family members who continue supporting President Vladimir Putin.
The White House said the United States and its allied governments will work to identify and freeze the assets Russian elites and their family members hold in their respective jurisdictions including their yachts, luxury apartments, money, and other ill-gotten gains.
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Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.