US Treasury Department discussed tightening sanctions against Moscow with foreign banks

US Treasury Department discussed tightening sanctions against Moscow with foreign banks

US Deputy Secretary of the Treasury Wally Adeyemo met with representatives of a number of foreign financial institutions to discuss sanctions against Russia, as well as efforts to tighten them.

The official stressed that his department’s focus is on combating attempts to evade sanctions. He also informed about the risks of supporting it, including the possible imposition of secondary sanctions.

Representatives of financial institutions, in turn, presented the vision of changing their future activities and business operations against the background of hostilities in Ukraine.

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