UK announces asset freeze on state-owned Russian Direct Investment Fund

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Head of the Russian Direct Investment Fund Kirill Dmitriev attends a meeting with Russia's President Vladimir Putin in Moscow, Russia April 2, 2021. Sputnik/Alexei Druzhinin/Kremlin via REUTERS

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LONDON, March 1 (Reuters) - Britain on Tuesday announced an asset freeze against Russian Direct Investment Fund, a financial entity functioning as a sovereign wealth fund and designed to attract capital into high-growth sectors.

Britain also said it would freeze the assets of the fund's Chief Executive Officer Kirill Dmitriev.

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Reporting by William James; editing by Michael Holden

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