US Treasury prepares a tough sanctions package against the Kremlin's allies.
The United States plans to introduce a new package of sanctions aimed at limiting Russia's military potential. This was announced by US Treasury Secretary Janet Yellen during a meeting of the IMF and the World Bank. According to her, the sanctions will relate to the promotion of products that are critically important for the Russian army.
Janet Yellen clarified that such sanctions will be directed against third countries that are intermediaries in the supply of products to the Russian army. She noted that the sanctions will be tough and aimed at those who assist the military machine of Russia.
“We will announce new tough sanctions aimed at those who assist the Kremlin's military machine,” the minister emphasized.
In addition, the minister commented on the issue of using Russia's frozen assets. Yellen noted that the European Parliament allocated a loan of 35 billion euros to Ukraine for defense and reconstruction, which can be repaid using the frozen assets of the Russian central bank.
Yellen also confirmed information about a credit package totaling 50 billion dollars, which is being discussed with the G7 countries and the EU. The US share in this package could amount to 20 billion dollars.
Currently, more than 300 individuals and organizations from Russia and other countries are under US Treasury sanctions. Additionally, the US State Department has restricted the activities of more than 100 legal and physical persons related to the development of Russia's export potential.
Read also
- Zelensky suddenly decided to 'send generals into the trenches'
- Zaluzhny said when Russia will strike with new force
- Usyk explained why he did not knock down Fury in the eighth round
- Merkel was captivated by Zelensky and rejected blame for Putin's aggression
- 'Putin in Despair': Poland Reacts to Intercontinental Missile Strike on Ukraine
- Ukraine has lost over 40% of controlled territory in Kursk – Reuters