Washington( CNN) The Trump administration is unleashing additional sanctions against seven Russian oligarchs with ties to President Vladimir Putin along with 12 companies they own or control.

The punitive actions are the latest escalating step by the US to punish Putin's inner circle for interfering in the 2016 election and other ongoing aggressiveness across the globe in Crimea, Ukraine and Syria.

The White House told such targeted sanctions would help to ensure that Russian oligarchs profiting from the Kremlin's destabilizing activities, to be incorporated interference of Western democratic elections in 2016 and 2017, would face outcomes for their actions.