The U.S., its G7 allies and the European Union are banning new investment in Russia and sanctioning Russia's largest bank, as well as Russian elites including Vladimir Putin's adult daughters.
Why it matters: A senior administration official told reporters that the steps were necessitated by the "sickening brutality in Bucha," a Kyiv suburb where the bodies of dozens of civilians were discovered after Russian troops pulled out. The official said the sanctions over Russia's invasion would push the country back to Soviet-era living standards.
