The United States and its allies will impose new sanctions this week to crack down on Russia's efforts to evade sanctions and export controls aimed at forcing Moscow to end its war in Ukraine, Deputy Treasury Secretary Wally Adeyemo said
The goal, Adeyemo said, was to keep raising the cost to Russia of evading sanctions and trying to get around an oil price cap imposed by the Group of Seven rich nations and Australia by creating its own alternative ecosystem to sell oil.
They were also providing "actionable" intelligence to countries, including several of Russia’s neighbors, to enable them to stamp out sanctions evasion. If they failed to act, he said, "we and our partners are prepared to use the various economic tools at our disposal to act on our own." Adeyemo acknowledged that Russia's economic data appeared better than expected at the start of the war, but said Western sanctions were forcing the Kremlin to use limited resources to prop up its economy.
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