U.S. Supports Seizing Russian Assets, Seeks 'Effective Methodologies' To Identify Sanction Evaders
U.S. Supports Seizing Russian Assets, Seeks 'Effective Methodologies' To Identify Sanction Evaders
The Biden administration on Tuesday voiced its strongest support for the world’s largest economies seizing Russian assets to help Ukraine’s war efforts and reconstruction, TURAN's Washington correspondent reports.
“There is a strong international law, economic and moral case for moving forward,” Treasury Secretary Janet Yellen said in remarks before meeting with G7 nations, arguing that it could push Russia to negotiate an end to the war.
“The G7 should work together to explore a number of approaches that have been suggested,” she said.
Yellen's message came on the same day as the Treasury Department hosted a roundtable with U.S. regional financial institutions on countering Russian sanctions evasion.
The meeting discussed effective methodologies regarding identification of potential Russian evasion and the risks involved in engaging in international business that may be linked to Russia, according to the Treasury Department's readout.
Last week, marking two years of Russia’s unprovoked and unlawful full-scale war against Ukraine, U.S. sanctioned almost 300 individuals and entities, including third-country sanctions evaders in Europe, East Asia, Central Asia, and the Middle East as well as hundreds of entities in Russia’s military-industrial base.
Politics
-
The Ministry of Foreign Affairs of Moldova has decided to unilaterally terminate the Moldovan-Russian agreement from 1998 on the creation and operation of cultural centers.
-
By the order of the head of state, Rufat Mahmud has been appointed the new head of the historical and architectural reserve "Icheri Sheher" – the historic center of Baku.
-
On February 13, the Appeal Court did not satisfy the defense's appeal against the decision of the Khatai Court regarding the arrest of journalist Shahnaz Beylargizi. According to the lawyer, the journalist herself did not participate in the trial due to poor health. The defense intends to submit a petition to replace the arrest with house arrest.
-
Azerbaijan will limit 'Sputnik Azerbaijan' and 'BBC News Azərbaycanca' editorial offices. This was reported by the country's pro-government media on 13 February, citing an informed source.
Leave a review