U.S. Treasury Freezes Russian Central Bank Assets In U.S.

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The U.S. Treasury Department announced on the 28th that it would freeze the assets of the Russian Central Bank in the United States.

The U.S. Treasury Department issued a statement on the same day saying that Americans are prohibited from conducting transactions with the Russian Central Bank, the Russian Federation State Wealth Fund and the Russian Ministry of Finance. This means that the assets of the Russian central bank in the United States or assets controlled by Americans will be frozen.

In addition, the U.S. Treasury Department announced sanctions against the Russian Direct Investment Fund and its CEO Kirill Dmitriev, among others, to further restrict the access of relevant individuals and entities to the U.S. financial system.

The U.S. Treasury Department will authorize certain energy-related transactions with the Russian central bank, and will provide other authorizations and related guidance as needed, the statement said.