TodaySunday, June 28, 2026

the goal of the new US strategy is to stop attempts to circumvent anti-Russian sanctions

May 11, 2023

Treasury Secretary Janet Yellen, during a speech in the Japanese city of Niigata, where the heads of the Treasury and central bank of the G7 countries were meeting, said the main objective of the strategy of the United States on sanctions against Russia this year is to stop escape attempts, reports Bloomberg. .

“Because these sanctions have an effect, Russia is trying to circumvent them. This year, the centerpiece of our strategy is to take further steps to curb Russian attempts to circumvent our sanctions,” she said.

It is clarified that Yellen proposed a three-pronged approach, which includes improving the exchange of information between countries that have signed up to anti-Russian sanctions, pressure on companies and jurisdictions that allow or facilitate the circumventing sanctions, as well as blocking the channels that the Russian side uses to “equip and finance its armed forces.

Earlier, EU authorities had offered to ban vessels from entering their ports that intended to circumvent sanctions on oil from Russia.

Read the Russia Ukraine News on The Eastern Herald.

News Room

News Room

The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Leave a Reply

Don't Miss