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US Treasury bans trading with Bank of Russia

The United States Treasury confirmed on Monday that it has banned US persons from engaging in transactions with the Russian Central Bank, the National Wealth Fund and the Ministry of Finance. “This action effectively immobilizes any assets of the Central Bank of the Russian Federation held in the United States or by US persons, wherever located,” the Treasury remarked.

The US likewise inflicted sanctions on the Russian Direct Investment Fund (RDIF) and its CEO Kirill Dmitriev. “By further restricting these persons and entities from the US financial system, the United States continues to demonstrate its unwavering commitment to support Ukraine, impose costs on Putin’s inner circle or those connected to Putin and his war of choice, and to prevent Putin’s regime from raising capital to fund its invasion of Ukraine and other priorities,” the Treasury added.

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