A U.S. Treasury official is traveling to Kyiv this week to talk about U.S. financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces.
A Ukrainian serviceman carries a US Stinger air defence missile launcher in a trench on the front line in Zaporizhzhia region, Ukraine , Tuesday, May 28, 2024. WASHINGTON — A senior U.S. Treasury official is in Kyiv this week to talk with government officials about U.S. financial support for Ukraine , efforts to tighten sanctions on Russia and plans to use immobilized Russia n sovereign assets for the benefit of Ukraine as it fends off Russia n forces.
Adeyemo is set to meet with officials in Ukraine’s finance ministry and president’s office. He’s also planning a stop at the Kyiv School of Economics to speak with faculty and civil society groups working on sanctions policy and ways to make sanctions on Russia more effective.in April that allows the administration to seize the roughly $5 billion in Russian state assets located in the U.S. However, a majority of the $260 billion in frozen Russian assets are in Europe, and U.S.
“has been mentioned as a possible number that could be achieved,” but that the specific approach was still under discussion. Since the beginning of Russia’s invasion of Ukraine in February 2022, the U.S. has sanctioned more than 4,000 people and businesses, including 80% of Russia’s banking sector by assets.Hussein reports on the U.S. Treasury Department for The Associated Press. She covers tax policy, sanctions and any issue that relates to money.
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