US Treasury to Target ‘Dual-Use’ Products Headed for Russia
- Deputy Treasury chief Adeyemo speaks in Bloomberg TV interview
- Chinese and Indian firms among those under US scrutiny
A vehicle drives past the US Treasury Department in Washington, DC.
Photographer: Stefani Reynolds/AFP/Getty ImagesThis article is for subscribers only.
The Biden administration, in an effort to tighten its enforcement of sanctions against Moscow, will put more emphasis on blocking countries and companies around the world from sending Russia products and technology that could be repurposed for military use, the Treasury’s No. 2 official said.
“We’re going to increasingly go after dual-use goods in order to make sure Russia isn’t able to turn their manufacturing plants into plants to build weapons of war,” Deputy Treasury Secretary Wally Adeyemo said Friday on Bloomberg Television’s “Balance of Power” with David Westin.