US Officials Plan Sanctions Missions to Target Russia

1 min read
Source: The Associated Press
US Officials Plan Sanctions Missions to Target Russia
Photo: The Associated Press
TL;DR Summary

US Treasury officials plan to travel to Europe this month to pressure firms and countries still doing business with Russia to cut off financial ties due to the war on Ukraine. The officials will share intelligence on potential sanctions evaders and warn of potential penalties for failure to comply with international sanctions. The US and allies have directly sanctioned more than 2,500 Russian firms, government officials, oligarchs, and their families. The sanctions block them from access to American bank accounts and financial markets, preventing them from doing business with Americans, traveling to the US, and more.

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