FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
February 25, 2022
WASHINGTON (Reuters) – The U.S. Treasury Department will impose “full blocking sanctions” on state-owned Russian Direct Investment Fund, a White House spokesperson said in a tweet on Friday.
The fund is a financial entity functioning as a sovereign wealth fund and designed to attract capital into high-growth sectors.
(Reporting by Caitlin Webber; editing by Kanishka Singh)
Source: One America News Network
