The White House said that “full blocking sanctions” are being prepared against the fund. Earlier, the United States imposed sanctions against Russian banks, President Vladimir Putin, and also announced export restrictions.
The US will impose full blocking sanctions against the Russian Direct Investment Fund (RDIF), informed on Twitter, White House spokesman Jen Psaki.
“The finance minister will also impose full blocking sanctions on the Russian Direct Investment Fund, a state-owned financial institution that functions as a sovereign wealth fund that is supposed to raise capital into the Russian economy in high-growth sectors,” she wrote.
Since February 24, when the Russian military operation in Ukraine began, the United States has announced various restrictions against Russian companies and individuals several times. So, on Wednesday evening it became known that Sberbank, VTB, Sovcombank, Novikombank and Otkritie were under US sanctions. The maximum possible restrictions apply against VTB and other banks, except for Sberbank: blocking assets in US jurisdiction, a ban on dollar transactions and any transactions with counterparties from the US.
Which countries have announced sanctions and severing diplomatic relations with Russia. Map
Measures against Sberbank are softer – all American financial institutions must close its correspondent accounts, while the bank’s assets are not frozen, and US institutions as a whole can conduct other business with it.