U.S. Treasury's No. 2 Adeyemo visits Ukraine for talks on tighter Russia sanctions
WASHINGTON - U.S. Deputy Treasury Secretary Wally Adeyemo will visit Kyiv on Wednesday for talks with Ukrainian Finance Minister Serhiy Marchenko and other government officials about upcoming plans to tighten sanctions on Russia, a Treasury official said.
He said Russia-China trade had dropped since U.S. President Joe Biden had expanded Treasury's ability to target financial institutions in December, adding authorities may expand that further. Washington and its allies were also concerned about the significant support in dual-use goods that China had shipped to Russia’s defense industrial base, and would continue to raise them directly with China, the official added.
The U.S. has been pushing its G7 partners - Japan, Germany, France, Britain, Italy and Canada - to back a loan that could provide Kyiv with as much as $50 billion in the near term. Instead of seizing the assets outright, such a loan would be backed by pulling forward future interest income on the assets over a set period of time, officials said.
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