U.S. Treasury To Crack Down On Russian Sanctions Evasion

The U.S. Treasury Department will focus in the coming months on cracking down on facilitators and third-country providers helping Russia evade Western sanctions, Deputy Treasury Secretary Wally Adeyemo said on February 10. The Treasury Department 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, Adeyemo said. The sanctions are aimed at disrupting Russia's military supply chains and denying Moscow revenues it needs to fund the war in Ukraine. To read the original story from Reuters, click here.