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Reuters
Reuters
Business
David Lawder

How the U.S. plans to starve Russia's 'war machine' -Treasury's Adeyemo to Reuters

FILE PHOTO: A local resident rides a bicycle past a bomb crater, as Russia's attack on Ukraine continues, in the village of Demydiv, outside Kyiv, Ukraine April 6, 2022. REUTERS/Vladyslav Musiienko

The United States is ramping up sanctions against Russia to deprive Moscow's "war machine" of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday.

The United States and its allies have "a lot more that we can and we will do" to punish Moscow if Russia fails to halt its invasion, Adeyemo told Reuters in an interview.

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