The Latest Breaking News from Treasury Department

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow's evasion of existing sanctions over Russia's invasion of Ukraine.

The boxing management company announced it would cease operations after its co-founder was hit by sanctions from the U.S. Treasury Department.

U.S. Treasury Secretary Janet Yellen told her counterpart from Indonesia that there will be no "business-as-usual" for Russia in the global economy given its invasion of Ukraine, the Treasury Department said in a statement on Wednesday.

The Treasury Department will concentrate on cracking down on those seeking to evade sweeping sanctions imposed on Russia over the war

The U.S. backed further away from any suggestion that its officials would boycott Group of 20 meetings if their Russian counterparts attend, as the Treasury Department said Secretary Janet Yellen will participate in some sessions this week.

Irishman Kinahan was last week hit with worldwide financial sanctions by the US Treasury Department.

U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia's war against Ukraine, the Treasury Department said in a statement.

The U.S. government recently put a $5 million bounty on Daniel Kinahan's head, so why was a UFC fighter praising him after a win?

Exclusive: When we asked was he surprised that his home had been named by the US authorities he said 'of course. I don’t know why'. He insisted that he was not a criminal and had no links whatsoever to criminality, when asked

President Joe Biden will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act of 2010, as the U.S. Federal Reserve’s chief banking supervisor.