U.S. Treasury’s Deputy Secretary Adeyemo Travels to Ukraine for Discussions on Strengthening Sanctions Against Russia

U.S. Deputy Treasury Secretary Wally Adeyemo is set to visit Kyiv on Wednesday for crucial talks with Ukrainian Finance Minister Serhiy Marchenko and other government officials regarding plans to tighten sanctions on Russia. The visit comes as part of a broader effort by the United States to further degrade Russia’s military industrial complex.

During his visit, Adeyemo will meet with a range of stakeholders, including President Volodymyr Zelenskiy’s aides, lawmakers, academics, and civil society groups. He will also preview a major speech on U.S. plans to target Russia’s military capabilities, which he is scheduled to deliver in Berlin on Thursday.

The U.S. has been actively sanctioning individuals and entities in response to Russia’s invasion of Ukraine in February 2022, with over 4,000 sanctions imposed so far. The focus now is on tightening financial restrictions, potentially including secondary sanctions on those aiding trade with Russia.

Additionally, efforts are underway to unlock the value of around $300 billion in Russian assets frozen by the West since the start of the conflict. This move could provide Ukraine with access to more financing in the medium- to long-term, with discussions ongoing among G7 finance ministers.

Adeyemo will also address Ukraine’s anti-corruption efforts and highlight U.S. support for attracting private investment to the country. The visit underscores the ongoing commitment of the U.S. and its allies to hold Russia accountable for its actions and support Ukraine in its time of need.