US Treasury official visits Ukraine to discuss sanctions on Russia and seizing Russian assets

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US Treasury official visits Ukraine to discuss sanctions on Russia and seizing Russian assets
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A U.S. Treasury official is traveling to Kyiv this week to talk about U.S.

A senior U.S. Treasury official is in Kyiv this week to talk with government officials about U.S. financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces. Deputy Secretary Wally Adeyemo's trip comes as Russia gains territory on the battlefield after an especially lengthy delay in U.S.

President Joe Biden signed legislation in April that allows the administration to seize the roughly $5 billion in Russian state assets located in the U.S. However, a majority of the $260 billion in frozen Russian assets are in Europe, and U.S. officials are hoping for a consensus from their European allies on how to spend that money. U.S.

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