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Treasury’s Adeyemo Says U.S., Allies to Add to Russia Sanctions

  • Says next steps will target industries critical to invasion
  • Adeyemo warns helpers of sanctioned oligarchs face penalties
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Can Sanctions Really Stop Putin's War?

Deputy Treasury Secretary Wally Adeyemo said the U.S. and its allies will tighten the sanction screws on Russia over its invasion of Ukraine, singling out industries integral to Moscow’s war effort.

“Our allies and partners are committed to taking additional significant steps to constrain the Russian economy, for as long as Russia’s invasion continues,” Adeyemo said in the text of a speech he’s scheduled to deliver Tuesday morning in London at Chatham House, an international policy institute. He didn’t reveal specific details of potential future sanctions.