President Joe Biden announced Thursday the United States is adding to the list of oligarchs it’s sanctioning in response to the Russian invasion of Ukraine. The expanded list of “[Russian President Vladimir] Putin’s cronies” includes eight Russian elites and their family members. Those individuals will be cut off from the U.S. financial system and their assets within the United States will be frozen and their property blocked from use, according to a White House statement released March 3. “One of the big factors is, of course, the proximity to Vladimir Putin,” White House press secretary Jen Psaki said of the strategy on who to sanction. “We want him to feel the squeeze, we want those around him to feel the squeeze.” Psaki added that this is not likely the last set of oligarchs to be sanctioned. The new sanctions also include visa restrictions on 19 Russian elites and 47 of …