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US Treasury No. 2 Plans Mideast Trip With Russia Money in Focus

  • Wally Adeyemo intends to visit Turkey and the UAE next week
  • Part of a broader effort to tighten sanctions against Moscow

US Treasury Deputy Secretary Wally Adeyemo plans to visit Turkey and the United Arab Emirates next week as the Biden administration seeks to rally support for a clampdown on Russian assets abroad.

In Turkey, Adeyemo is expected to meet Central Bank Governor Sahap Kavcioglu and Treasury and Finance Minister Nureddin Nebati, according to people familiar with the matter. The UAE stint will include meetings with National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan and Mubadala Investment Co. Chief Executive Officer Khaldoon Khalifa Al Mubarak as well as other senior officials, said two of the people, who requested anonymity because the meeting details aren’t public.