US and EU Block Russian Central Bank and RDIF Sovereign Fund. And the gas?
With two very tough moves, the US and the EU practically zero, as we had already predicted, the reserves of the Russian central bank and block the RDIF, the Russian sovereign investment fund, explaining the move with a press release that we will attach to you.
So following in Europe's footsteps, the Biden administration on Monday banned US individuals and companies from doing business with the Bank of Russia, the RDIF and the Moscow Ministry of Finance. According to a statement from the Treasury Department, the moves of the US Treasury's Office of Foreign Assets Control will "effectively freeze" all assets of the Russian central bank held in the United States or by US citizens.
The sanctions also affect the fund administrator, Kirill Aleksandrovich Dmitriev, a close ally of Russian President Vladimir Putin. The announcements marked the latest blow in the West's financial retaliation against Russia following Putin's invasion of Ukraine and are designed to shake up an already bewildering Russian financial system.
“The unprecedented action we are taking today will significantly limit Russia's ability to use assets to finance its destabilizing activities and will target the funds on which Putin and his inner circle depend to allow for his invasion of the country. Ukraine, ”Treasury Secretary Janet Yellen said in a statement.
Here is the press release:
In this way, about half of the Central Bank's reserves are blocked. In the same way, RFID , with capital reserves of 10 billion and in which part of the profits from oil and gas flowed, as well as funds raised by private investors and other governments, is blocked from accessing the Western capital market. A very strong signal to the Arab monarchies that had invested in RFID and are now frozen. a way of saying that the jokes are over and that from now on it will get serious: either on one side or the other, where, however, one side is made up of their main clients and military protectors.
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US and EU article Block Russian Central Bank and RDIF Sovereign Fund. And the gas? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/usa-e-eu-bloccano-banca-centrale-russa-e-fondo-sovrano-rdif-e-il-gas/ on Mon, 28 Feb 2022 16:30:53 +0000.