2023-05-11 00:02:07
U.S. Treasury Secretary Yellen intends to severely curb Russia’s ability to evade sanctions from the U.S. and its allies following its invasion of Ukraine at the G7 finance ministers and central bank governors meeting in Niigata, Japan, on Wednesday. It is a policy to strongly request cooperation in strict enforcement of sanctions once morest Russia.
Treasury Secretary Yellen said: “The sanctions package works, and Russia is trying to get around it. Additional actions to thwart Russia’s attempts to evade sanctions will be a key pillar of our strategy this year. become.” The US Treasury Department has released an excerpt of the remarks prepared for the press conference to be held on the 11th in Niigata City in advance.
Yellen has called for increased information sharing among sanctions participants, pressure on “companies and jurisdictions that we know are allowing or aiding sanctions evasion,” and accusing Russia of acquiring “military equipment and funding.” We present a three-pronged approach for specific route blocking to be used.
U.S. Treasury Secretary Yellen
Photographer: Ting Shen/Bloomberg
The previously released excerpt did not mention sanctions on countries that help evade sanctions. Earlier this year, the U.S. Treasury Department stepped up its warnings to companies regarding deals that might help them evade sanctions from the U.S. and its allies.
He also said that the core priorities of the G7 finance ministers and central bank governors meeting are actions to “control inflation, sustain growth and mitigate the impact of external shocks” and “strengthen economic resilience and security.” also mention
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Original title:Yellen Takes Aim at Russian Sanctions Evasion at G-7 Gathering(excerpt)
(Add and update approaches to prevent sanctions evasion)
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