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Russian fund with U.S. business ties escapes sanctions so far

Posted: August 30, 2014 at 3:02 a.m.

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.

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