02/11/2023

U.S. Treasury to Crack Down on Russian Sanctions Evasion

Deputy Treasury Secretary Adeyemo announced this

On Friday, the U.S. Treasury Department announced it will focus in coming months on cracking down on facilitators and third-country providers helping Russia evade Western sanctions.

Deputy Treasury Secretary Wally Adeyemo told a meeting of academics and other experts on sanctions and U.S. foreign policy that Treasury will increase its focus on countering sanctions evasion, including by those who may "wittingly or unwittingly" help Russia replenish supplies needed for its military fighting in Ukraine.

Treasury said the meeting, ahead of the one-year anniversary of Russia's invasion of Ukraine on Feb. 24, was aimed at taking stock of progress in disrupting Russia's military supply chains and denying Moscow revenues it needs to fund the war.

Please select this link to read the complete article from Reuters.