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Russia Sanctions Update – February 28, 2022: U.S. Imposes Sanctions on Central Bank of Russia, Ministry of Finance, and Sovereign Wealth Funds; Switzerland and Monaco Impose Unprecedented Sanctions

Key Takeaways:

  • New Directive 4 prohibits transactions with Russian Central Bank, National Wealth Fund, and Ministry of Finance
  • Full blocking sanctions on Russian Direct Investment Fund and affiliates
  • Multi-lateral response to Russia’s invasion continues with unprecedented imposition of sanctions by Switzerland and Monaco

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On February 28, 2022, the U.S. government announced new sanctions on the Central Bank of Russia,… More