U.S. sanctions against Russia put American interests in the middle

By Jeff Horwitz Associated Press writer

Posted August 29, 2014 1:08 PM

WASHINGTON — As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives. Despite its ties to Russian state businesses and officials, the Russian Direct Investment Fund has managed to operate …

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