The Treasury Department announced Monday that Americans are prohibited from engaging in any transactions with Russia’s Central Bank while freezing the financial institution’s assets in the US, dealing another blow to the Russian economy that has already seen the value of its currency plummet. The latest round of sanctions targeted the Central Bank, Russia’s National Wealth Fund and Moscow’s Ministry of Finance “to prevent Putin’s regime from raising capital to fund its invasion of Ukraine and other priorities,” the department said in a statement. The department also announced that it had slapped sanctions on the Russian Direct Investment Fund, whose chief executive officer, Kirill Dmitriev, is a key ally of Russian President Vladimir Putin.
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