U.S. To Directly Warn Companies Against Evading Russia Sanctions – By Daphne Psaledakis and Andrea Shalal (IB Times) / Feb 17, 2023
The United States will directly warn companies against evading U.S. sanctions imposed on Russia over the war in Ukraine, Deputy Treasury Secretary Wally Adeyemo said, as Washington seeks to further squeeze Russia’s economy.
Speaking to Reuters ahead of the first anniversary of Russia’s Feb. 24 invasion of its neighbor, Adeyemo cited specific concerns about the United Arab Emirates, Iran, Turkey and countries near Russia evading sanctions.
“We’re going to go directly to their companies and make very clear to their companies that you have a choice,” Adeyemo said.
“You can continue to do things that are going to benefit Russia and provide them material support, but then you bear the risk of losing access to the European economy, to the United States economy, to the UK economy – this is your choice,” he said. “We’re willing to take these actions.”
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