RUSSIAN CENTRAL BANK FUNDS FROZEN IN USA, EU AND UK
February 28th, 2022
Russia today faced a further tightening of sanctions as its armed forces continued their unprovoked invasion of Ukraine, with the Biden administration freezing any Russian central bank assets held within the USA or by Americans. The same order has been imposed on funds owned by Russia’s National Wealth Fund and ministry of finance. This action was made before markets opened in the USA on Monday morning (Feb 28) and came into force immediately. “This action effectively immobilises any assets,” said a White House statement. (1)
The move was followed up by ...
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