The U.S. has begun an aggressive new push to inflict pain on Russia’s economy and specifically its oligarchs with the intent of thwarting the Kremlin’s invasion of Ukraine
WASHINGTON — .
“These illicit procurement networks will continue to take up an ever-increasing amount of our bandwidth,” said Adams, who also serves as acting deputy assistant attorney general. A February study led by Dartmouth University researchers showed that targeting a few key wealth managers would cause far greater damage to Russia than sanctioning oligarchs individually.
Singh suggested the U.S. should “use the reserves that we have immobilized at the New York Fed, transfer them to Ukraine and allow them to put them up as collateral to raise money.” He ran the White House’s Russia sanctions program when he was national security adviser for international economics. He added that the task force has had “success in working with Congress and working with folks around the executive branch in obtaining authorization to transfer certain forfeited funds to the State Department.”
The Financial Crimes Enforcement Network, under Treasury, is expected to roll out rules to address the use of the U.S. real estate market to launder money, including a requirement on disclosing the true ownership of real estate.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK: Russian advance in Bakhmut could come with heavy lossesU.K. military officials say Russian forces have advanced in the eastern city of Bakhmut, a key target of Moscow's grinding offensive that has brought staggering casualties, but they risk further harsh losses if they push ahead.
Read more »
Canada bans Russian steel, aluminum imports as Joly raises 'regime change' in MoscowCanada is banning the import of Russian steel and aluminum as part of its sanctions regime, as Foreign Affairs Minister Melanie Joly raises the possibility of regime change in Moscow. cdnpoli
Read more »
UK: Russian advance in Bakhmut could come with heavy lossesRussian forces have made progress in their campaign to capture the city of Bakhmut in eastern Ukraine, the focus of the war’s longest ground battle, but their assault will be difficult to sus…
Read more »
UK: Russian advance in Bakhmut could come with heavy lossesU.K. military officials say Russian forces have advanced in the eastern city of Bakhmut.
Read more »
Over 460 Ukrainian kids have died from Russian attacksAt least 464 Ukrainian children have been killed by Russian attacks across the country, according to data from the country’s national police force.
Read more »
South Africa’s Ruling Party Took $826,000 from U.S.-Sanctioned Russian Oligarch’s Mining CompanySouth Africa’s ruling African National Congress (ANC) party downplayed $826,000 in donations from United Manganese of Kalahari Ltd., a mining company partly owned by Russian businessman Viktor Vekselberg.
Read more »