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. – 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 Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces.
Deputy Secretary Wally Adeyemo's trip comes as Russia gains territory on the battlefield after an especially left Ukraine at the mercy of Russia’s bigger army and as the outlook for Ukraine’s state finances is on shakier ground.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.
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. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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