Biden Admin Freezes Russian Central Bank Assets Held by Americans

Biden Admin Freezes Russian Central Bank Assets Held by Americans
U.S. President Joe Biden delivers remarks about Russia's invasion of Ukraine in Washington on Feb. 24, 2022. Drew Angerer/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
The Biden administration placed new sanctions against Russia’s central bank, its National Wealth Fund, and its Ministry of Finance, the U.S. Department of Treasury said in a news release.

The moves effectively prohibit Americans from doing any business with those Russian entities.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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