U.S. expands sanctions against Russia with new action targeting Central Bank
CBSN
Washington — The Biden administration expanded sanctions against Russia on Monday as part of its continuing efforts to impose costs on Moscow for its invasion of Ukraine, targeting the Central Bank of Russia with new economic measures that immobilize any assets it holds in the United States.
The latest action from the Treasury Department prohibits U.S. citizens from participating in any transactions with Russia's Central Bank, its National Wealth Fund or the Russia Ministry of Finance. The U.S. also sanctioned the Russian Direct Investment Fund and its CEO, Kirill Dmitriev, a close ally of Russian President Vladimir Putin.
The Treasury Department said it is issuing a "general license" to authorize certain energy-related transactions with the Russian Central Bank.
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