South Korea Announces More Sanctions Against Russian Banks
- Ties to Russian central bank, sovereign funds to be suspended
- Energy-related transactions to be exempted until June 24
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South Korea announced additional sanctions against Russia, cutting ties with its central bank and other financial institutions, while leaving energy-related transactions intact under exemptions agreed with the U.S.
Korea will suspend transactions with Russia’s central bank, National Wealth Fund of the Russian Federation, Russian Direct Investment Fund, and Rossiya bank, the Finance Ministry said Monday in a statement.