“We are united with our international allies and partners to ensure Russia pays a severe economic and diplomatic price for its further invasion of Ukraine,” Treasury Secretary Janet Yellen said in statement.
“If necessary, we are prepared to impose further costs on Russia for its appalling behavior on the world stage,” she said.
The Treasury Department also 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.
Source: Economy - investing.com
