Deputy Treasury Secretary engages German financial institutions in talks about sanctions against Russia

U.S. Deputy Treasury Secretary Adewale Adeimo discussed with officials and representatives of the German business community the fight against “bypassing Western sanctions imposed on Russia” because of the military operation in Ukraine.

And the US Treasury Department said in a statement Wednesday that Adeyu stressed during a July 11 meeting with managers from major German financial institutions in Frankfurt “the close cooperation between the United States and Germany to hold Russia accountable.”

Adimo stressed “the importance of working with the financial sector to combat sanctions circumvention, especially efforts to prevent third party circumvention.”

In Berlin, Adimo met with senior German officials to discuss “issues of national security and the economy” where they discussed “actions by the US, Germany and other members of the coalition to limit Russia’s income and weaken its military-industrial complex.” complex,” as well as an opportunity to put an end to what he called “third-party attempts to circumvent sanctions against Russia.”

It is noteworthy that the Deputy Secretary of the Treasury is on a European tour, including Belgium, Germany and Italy, to coordinate actions related to the implementation of sanctions imposed on Russia and discuss some other issues. The tour is scheduled for the period from 9 to 15 July.

Source: TASS

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