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U.S. to impose blocking sanctions on state-owned Russia Direct Investment Fund By Reuters

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© Reuters. FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly

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.

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