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&rsquo;s decision to recognize the so-called Donetsk and Luhansk People&rsquo;s Republics (DNR and LNR) as &ldquo;independent&rdquo; 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&rsquo;s Office of Foreign Assets Control (OFAC) builds on yesterday&rsquo;s&nbsp;</span><a href="https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjAyMjIuNTM4MjcyODEiLCJ1cmwiOiJodHRwczovL3d3dy53aGl0ZWhvdXNlLmdvdi9icmllZmluZy1yb29tL3ByZXNpZGVudGlhbC1hY3Rpb25zLzIwMjIvMDIvMjEvZXhlY3V0aXZlLW9yZGVyLW9uLWJsb2NraW5nLXByb3BlcnR5LW9mLWNlcnRhaW4tcGVyc29ucy1hbmQtcHJvaGliaXRpbmctY2VydGFpbi10cmFuc2FjdGlvbnMtd2l0aC1yZXNwZWN0LXRvLWNvbnRpbnVlZC1ydXNzaWFuLWVmZm9ydHMtdG8tdW5kZXJtaW5lLXRoZS1zb3ZlcmVpZ250eS1hbmQtdGVycml0b3JpYWwtaW50ZWdyaXR5LW9mLXVrcmFpbmUvIn0.7E80saxjf4oqEZGiIc2FA3i804mYPhfi0rJ9k08rPCs/s/1124085238/br/126993347803-l" target="_blank">Executive Order</a><span>&nbsp;imposing severe restrictions on economic activity with the DNR and LNR regions of Ukraine.</span></p>

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