U.S. To Push Global Crackdown On Russia's Sanction Evasion Efforts

Washington D.C./08.04.23/Turan: The Biden Administration says it will apply a laser-like focus on cracking down on Russia's sanction evasion efforts, in an effort to keep the Kremlin from obtaining the technology and financing it needs to fund its war machine in Ukraine, TURAN's Washington correspondent reports.

Next week, the leaders of the global financial system will gather in Washington D.C. to attend the International Monetary Fund and World Bank's annual meetings, which will provide the U.S. Treasury officials an opportunity to ramp up pressure on countries key to Russia's attempts to evade sanctions.

"Our message is clear: If companies and countries continue to skirt sanctions and sell Russia materials in support of their war effort, then they're not going to have access to the economies of our coalition," senior officials told reporters.

In the meantime, the U.S. Government will also mobilize partnership opportunities in Ukraine during the first the U.S.-Ukraine Partnership Forum, which will also be held next week in Washington.

This joint event "aims to accelerate American investment and engagement in Ukraine while building opportunities for planning and collaboration to support Ukraine’s economic recovery," the State Department said on Friday

"The event will feature conversations with high-level stakeholders on topics ranging from catalyzing investment and engagement to unleashing market potential in Ukraine and building a sustainable future through an attractive regulatory framework, entrepreneurship, and renewable energy," reads the Department's media note.

Alex Raufoglu