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U.S. Steps Up Enforcement of Its Long List of Russia Sanctions

WASHINGTON – The US has imposed a series of heavy sanctions on the Russian economy to punish it for invading Ukraine. Now US officials are urging to ensure they are effective, closing loopholes, asking other nations for support and cracking down on people who favor Russia’s evasion.

Government officials say the goal of this second phase is to cut off the remaining opportunities that provide President Vladimir Putin with revenues and imports to continue the war even if Europe continues to buy significant amounts of oil and gas from Russia. That means targeting foreign banks and cryptocurrency platforms that help Russia maintain access to international currencies, taking over bank accounts and corporate assets from blacklisted oligarchs, and penalizing foreign companies caught importing controlled goods into the country country to export.

https://www.wsj.com/articles/u-s-steps-up-enforcement-of-its-long-list-of-russia-sanctions-11661171662 U.S. Steps Up Enforcement of Its Long List of Russia Sanctions

Alley Einstein

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