US Treasury Secretary Janet Yellen has commented on the effectiveness of the sanctions regime imposed on Russia and stated that Western countries will focus on thwarting attempts to evade the restrictions.
“This year, a central piece of our strategy is to take further actions to disrupt Russia’s attempts to evade our sanctions,” Yellen stated at the meeting of G7 finance ministers and central bank governors in Niigata, Japan. Participants of the meeting reviewed the impact the sanctions regime has on Russia.
The Treasury Secretary outlined a three-pronged approach focused on improving information sharing among the countries participating in sanctions, putting pressure on companies and jurisdictions that are allowing or facilitating evasion, and shutting down specific channels used by Russia to equip and fund its military.
Overall, Janet Yellen described the sanctions as effective, with Russia’s evasion attempts being a clear sign of that.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $1000 more!
In April we raffle $1000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST