U.S., German Officials Discuss Efforts To Counter Russian Sanctions Evasion

U.S. Treasury Secretary Janet Yellen met with German Finance Minister Christian Lindner on May 12, underscoring the importance of working together to counter evasion of Western sanctions imposed on Russia over its war in Ukraine, the U.S. Treasury said. Yellen and Lindner met on the sidelines of a Group of Seven finance officials meeting in Niigata, Japan, where U.S. officials have called for redoubled support of Ukraine. The United States and a broad coalition of other countries have provided significant economic, security, and humanitarian assistance to Ukraine, while using sanctions and export controls to impose heavy economic costs on Russia. To read the original story by Reuters. click here.