U.S. Treasury Imposes Immediate Economic Costs In Response To Actions In The Donetsk And Luhansk Regions - The United States Remains Fully Prepared To Impose Further, Expansive Economic Costs - New Sector Determination Enables Treasury To Target Russia's Entire Financial System
<p><span>Today, the United States is taking action to respond to President Vladimir Putin’s decision to recognize the so-called Donetsk and Luhansk People’s Republics (DNR and LNR) as “independent” states and to deploy troops to these regions by sanctioning two major Russian state-owned financial institutions, imposing additional restrictions on Russian sovereign debt, and sanctioning five Kremlin-connected elites. This action from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) builds on yesterday&...