The United States is set to broaden the scope of its sanctions on Russia, with the Treasury Department announcing new enforcement measures on June 12 aimed at tightening restrictions on Moscow. These measures include expanding the use of secondary sanctions, which target outside entities and banks that continue to do business with Russia. Treasury Secretary Janet Yellen emphasized that Russia's war economy is increasingly isolated from the international financial system, leaving the Kremlin's military in dire need of external access. The expanded sanctions are part of a broader effort to discourage countries from engaging in economic activities with Moscow.
Treasury expands sanctions threat against banks dealing with Russia “Russia’s war economy is deeply isolated from the international financial system, leaving the Kremlin’s military desperate for access to the outside world,” Treasury Secretary Janet Yellen said in a statement.…
The Treasury Department announced sweeping new enforcement measures to tighten the screws on Russia, including expanding the use of sanctions to inflict pain on outside entities that continue to do business with Moscow, known as “secondary sanctions.” https://t.co/EaXAguwrHJ
Treasury expands sanctions threat against banks dealing with Russia https://t.co/CWIT6YJkPg
U.S. widens sanctions on Russia in bid to discourage countries from doing business with Moscow https://t.co/IfGKNmpgK9
US Prepares To Expand Secondary Sanctions On Russia https://t.co/eqPKW92H5a
US to broaden scope of Russia sanctions https://t.co/Wgv3W6W5Ey