Washington and Kyiv emphasize strengthening sanctions due to Russia’s ability to circumvent them.

Friday, May 12, 2023
Washington and Kyiv emphasize strengthening sanctions due to Russia’s ability to circumvent them.

In Japan during a meeting with finance ministers and heads of central banks from the G7 countries, US Treasury Secretary Janet Yellen tried to convince the allies to help strengthen sanctions against Russia.

This involves improving the exchange of information between countries participating in the sanctions, pressure on “companies and jurisdictions that allow or facilitate the evasion of sanctions”, and closing channels used by Russia to “supply and finance” its military.

It should be noted that the EU is discussing new mechanisms aimed at third countries that do not do enough to prevent Russia’s purchase of prohibited goods.

Minister of Finance of Ukraine Serhiy Marchenko, at the meeting of the G7 financial block, emphasized the need for the G7’s coordinated actions to close the loopholes being used to circumvent Russian sanctions.

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