Russia has banned -democracy charity founded by hedge fund billionaire George Soros, saying the organization presented a threat to both state security and also the Russian constitution.


In a statement released Monday morning, Russia's General Prosecutor's Office said two branches of Soros' charity network -- the Open Society Foundations (OSF) and the Open Society Institute (OSI) -- would be set on a "stop list" of foreign non-governmental organizations whose activities have been deemed "undesirable" by the Russian state.


"It was found that the task of the Open Society Foundations and the Open Society Institute Assistance Foundation represents a danger to the foundations of the constitutional system of the Russian Federation and also the security of the state," a translated variant of the press statement read.


Soros, who is best known for his namesake Soros Fund Management firm, originally founded the OSF network to aid countries transition from communism. Project aimed toward democracy building on the other side of the globe is now funded by the charity.


OSF first arrived into trouble with all the Russian government in July, when it hinted it might prohibit the foundation and also several other pro-democracy organizations accused of establishing "soft aggression" in the united states.


When state politicians accused Soros of supporting illegal migration, and his charity, the billionaire also came under fire in his Hungarian fatherland in October. OSF had criticized Hungary's' treatment of refugees while the billionaire suggested migrants receive $16,000 per year to help cover housing, schooling and health care prices.


OSF was not able to offer comment when contacted by CNBC but said it was preparing a statement.