February 26, 2023

U.S. Treasury’s Updated Sanctions Strategy Against Russia

Source: Illicit Edge

Last Tuesday at the Council on Foreign Relations, U.S. Treasury Department Deputy Secretary Wally Adeyemo laid out the Biden Administration’s updated strategy for using sanctions and other economic tools to punish Russia for its expanded invasion of Ukraine.

Deputy Secretary Adeyemo laid out the three-pronged strategy that 1) reinforced close cooperation with partners and allies, particularly the G7 and European Union, 2) reiterated efforts to counter sanctions evasion by Russia including by targeting unspecified intermediaries and 3) renewed pressure on companies and jurisdictions that allow or facilitate evasion.

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Authors

  • Alex Zerden

    Adjunct Senior Fellow, Energy, Economics, and Security Program, Founder and Principal, Capitol Peak Strategies LLC

    Alex Zerden is the founder and principal of Capital Peak Strategies LLC, a FinTech, digital asset, and emerging technologies advisory firm. As a regulatory lawyer, economic po...