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- US’ Adeyemo: US and allies plan new sanctions this week to continue to isolate Russia over war in Ukraine
US’ Adeyemo: US and allies plan new sanctions this week to continue to isolate Russia over war in Ukraine
US Deputy Treasury Secretary Wally Adeyemo said on Tuesday, “US and allies plan new sanctions this week to continue to isolate Russia over the war in Ukraine.”
Additional quotes
US plans to crack down on Russia's use of dual-use goods, trans-shipment through bordering countries
US. and allies will cut off companies and banks doing business with Russia from western markets and financial systems
Will act against intermediaries helping Russia evade G7 oil price cap.
US concerned about deepening Russia-China ties, but beijing can't supply advanced semiconductors moscow needs
US to tell Chinese firms, financial institutions they face sanctions if they materially support Russia.
Market reaction
Amidst escalating geopolitical tensions surrounding the Rusisa-Ukraine war, markets continue to sell risk, reflective of the 0.65% drop in the US S&P 500 futures. The safe-haven US Dollar is holding the upside just above 104.00 against its major peers.
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