Treasury’s Adeyemo Heads to Columbia With Energy-Sanctions Focus

  • Official had presided over major expansion of restrictions
  • Adeyemo worked for Biden, Obama administrations, BlackRock

Wally Adeyemo

Photographer: Jeenah Moon/Bloomberg
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Wally Adeyemo, the number-two official at the Treasury Department, will leave the Biden administration for a role at Columbia University focusing on economic statecraft and energy policy, according to a person familiar with the matter.

Adeyemo, 43, was one of the architects of the sweeping sanctions the US imposed on Russia after its 2022 invasion of Ukraine. As Janet Yellen’s deputy, he also worked on domestic policy issues, including the administration’s major stimulus packages, the American Rescue Plan and the Inflation Reduction Act.