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The Latest Breaking News from Wally Adeyemo

US Warns of Sanctions Against Türkiye over Russia Ties

Türkiye's top business association has confirmed receiving a letter from the US Treasury warning of possible sanctions if it continues doing business with Russia. Washington is growing increasingly alarmed that the Russian government and businesses are using Türkiye to evade Western financial and trading restrictions imposed in response to the…

Asharq Al-Awsat

No evidence of Indian companies circumventing Russian sanctions: US official

MUMBAI: The US Deputy Secretary of Treasury Wally Adeyemo on Wednesday said there is "no evidence" of Indian companies circumventing the sanctions imposed following Russia's invasion of Ukraine.

The Times of India

U.S. Treasury official warns Russia trying to bypass Western sanctions via Turkey

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkey's Deputy Finance Minister Yunus Elitas that Russian entities and individuals were attempting to use Turkey to bypass Western sanctions imposed over Moscow's war in Ukraine, the Treasury Department said.

Reuters

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IMF fees on war-torn countries closer to elimination

The International Monetary Fund is facing pressure to eliminate, or at least, reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine — which is one of the fund’s biggest borrowers

The Independent UK

US Treasury official to visit India amid Ukraine tensions

A high-ranking representative from the Biden administration is set next week to make his first official trip to India since the start of Russia’s invasion of Ukraine

The Independent UK

Joe Biden believes India-US relationship vital to global peace, economy, says US official

WASHINGTON: US President Joe Biden believes that the India-US relationship is essential to global peace, stability and economic resilience, his top trade negotiator has said, noting that the two countries are now better placed to work on tough issues.

The Times of India

US, allies aim to cap Russian oil prices to hinder invasion

Leaders of the Group of Seven industrial nations have tentatively agreed to back a cap on the price of Russian oil, the main pillar of the Kremlin’s financial revenue

The Independent UK

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U.S. Treasury's Adeyemo discussed Russia sanctions implementation in Turkey visit

U.S. Deputy Treasury Secretary Wally Adeyemo traveled to Turkey this week where he discussed Russia's invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement on Saturday.

Reuters

Sanctioned Russian oligarch yacht in Dubai as pressure grows

A sleek $156 million superyacht belonging to a sanctioned Russian oligarch and parliamentarian is now docked in Dubai, the latest reminder of how the skyscraper-studded sheikhdom has become a haven for Russian money amid Moscow’s war on Ukraine

The Independent UK

Treasury's Adeyemo sees elevated cyber threats in wake of Russia's war in Ukraine

U.S. Deputy Treasury Secretary Wally Adeyemo warned bankers about elevated cyber threats in the wake of Russia’s invasion of Ukraine, and underscored the department's commitment to sharing real-time intelligence, Treasury said on Friday.

Reuters

U.S. says backs Lithuania in row with China

The United States backs Lithuania in a dispute with China over Taiwan, Deputy Treasury Secretary Wally Adeyemo told Lithuania's finance minister on Friday.

Reuters

Live Updates | Russia-Ukraine War

The presidents of Poland, Lithuania, Latvia and Estonia say they are headed for Kyiv to meet with Ukrainian President Volodymyr Zelenskyy

The Independent UK

US, allies aim to force Russia to shift money away from war

A Treasury Department official says the United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia’s money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine

The Independent UK

Latest Ukraine updates: Kramatorsk attack sparks global outrage

Ukraine-Russia news from April 8: Deadly bombing spurs calls for accountability and pledges of assistance to Ukraine.

Al Jazeera

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Reuters

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

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.

Reuters

Easy Russia sanctions exhausted, U.S. and allies face economic bite

As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of executed Ukrainians in the city of Bucha, it has become clear that the easiest options are now exhausted and stark differences have emerged among allies over next steps.

Financial Times

Weaponisation of finance: how the west unleashed ‘shock and awe’ on Russia

The sanctions on Russia’s central bank use the omnipresence of the US dollar to penalise an American adversary

Reuters

U.S. officials circle globe to keep pressure on Putin as rouble rises

Senior U.S. officials fanned out this week to press world leaders to keep piling pressure on Moscow or join the campaign of sanctions and other measures, as the war in Ukraine enters its fifth week and the initial economic shock to Russia seems to be ebbing.

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Benzinga

Morning Brief: Top Stories Dominating Financial Media on Tuesday, March 29

CNBC Domino’s Pizza China Operator Eyes Hong Kong Listing

Benzinga

US Mulls Sanctions On Russian Supply Chains, Says U.S. Treasury's Adeyemo: Reuters

Deputy U.S. Treasury Secretary Wally Adeyemo said that the U.S. and its allies are planning new sanctions on more sectors of Russia's economy that are important in sustaining its invasion of Ukraine, including supply chains. Adeyemo said the broadening of those efforts aimed to undermine "the Kremlin's ability to operate…

Reuters

Russian supply chains next in line for sanctions - U.S. Treasury's Adeyemo

The United States and its allies plan new sanctions on more sectors of Russia's economy that are critical to sustaining its invasion of Ukraine, including military supply chains, Deputy U.S. Treasury Secretary Wally Adeyemo said on Tuesday.

Reuters

U.S. to keep up economic pressure on Russia -Treasury's Adeyemo

The United States will continue take actions to put pressure on Russia's economy and take away resources from Russian President Vladimir Putin's invasion of Ukraine, Deputy U.S. Treasury Secretary Wally Adeyemo told CNBC on Monday.

Reuters

U.S. will cut Russia off from tech, resources if Putin escalates -U.S. official

Russian President Vladimir Putin can do a lot more damage in Ukraine and the United States is prepared to respond by withholding technology and resources if he does, deputy U.S. Deputy Treasury Secretary Wally Adeyemo said on Wednesday.

Reuters

Russian attack on Ukraine possible 'any day' but diplomacy still an option -White House

Russian President Vladimir Putin could order an attack on Ukraine within days or weeks, White House national security adviser Jake Sullivan warned on Sunday, as Washington and its European allies continued efforts to offer Putin a diplomatic way out of the crisis."We are in the window. Any day now, Russia…

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