![U.S. Supports Seizing Russian Assets, Seeks 'Effective Methodologies' To Identify Sanction Evaders](https://turan.az/resized/news/2024/2RXMwNiNFTHVRwanUikUvKNGr0cZXQraXATVSGrF-750-500-resize.webp)
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
-
At the trial of the opposition politician Tofig Yagublu, the statement of Elnur Vaqifoglu, another accused, was heard at the Baku Serious Crimes Court.
-
EU Reporter sadly announces the death from natural causes this week of its Political Editor Nick Powell, whilst attending the Global Media Forum in Susha, Azerbaijan.
-
The health of economist Fazil Gasimov, who is on hunger strike for the 43rd day, has deteriorated sharply. On the night of July 26, he was transferred from the Baku pre-trial detention center-1 to a medical institution of the Penitentiary Service, the economist's brother Nazim Gasimov told Turan.
-
On July 26, the trial of public activist Bakhtiyar Hajiyev continued in the Baku Serious Crimes Court. Three witnesses were heard. One of them said that she had once asked Hajiyev for help in obtaining a visa for a tour to the Czech Republic and had no other business with him. At the same time, the witness stressed that she did not personally transfer the money, but made a transfer for the service.
Leave a review