The sanctions announced on Friday were among the most sweeping actions taken since Putin’s invasion of Ukraine in February.
Nabiullina, 58, has served as Russia’s central bank governor since 2013 and was appointed to a new five-year term in March. Before that, she served as Putin’s economic adviser. She has managed the economic fallout from international sanctions, quickly adjusting to a wartime policy when the ruble plunged 30%.
Novak, 51, has represented Russia in talks with Organization of Petroleum Exporting Countries since 2016 and helped forge the historic cooperation agreement between OPEC and nations outside the group to coordinate production and prevent a supply glut, including the deal on historic cuts in 2020 amid Covid-19 pandemic.
In addition, the Treasury and State Departments sanctioned relatives of members of Russia’s national security council, including the wife and children of Russian Prime Minister Mikhail Mishustin and the wife and adult children of Russian Defense Minister Sergei Shoigu. The State Department is also imposing visa restrictions on 910 people, including Ochur-Suge Mongush for “torturing a Ukrainian prisoner of war.