US Deputy Treasury Secretary Wally Ademo has in plans to visit Turkey and the UAE this week as the Biden administration seeks to garner support to crack down on Russian activities overseas.
Ademo is expected to meet with Central Bank Governor Kavcioglu and Treasury and Finance Minister Noureddine Nabati, according to sources cited by Bloomberg and seen by Al Arabiya.net.
The visit is part of a broader effort by the US Treasury to tighten sanctions against Moscow since the Russian invasion of Ukraine on February 24, as Turkey and the UAE have emerged as bait for wealthy Russians in recent months. , frustrating the Biden administration’s efforts to rally a united front against President Vladimir Putin.
Ademo, who conducted a ministerial review of sanctions policy last year, warned financial institutions of the potential consequences of helping Moscow circumvent restrictions.
Officials from the two countries have said they respect international law but are not required to follow sanctions implemented by specific jurisdictions such as the United States, the United Kingdom or the European Union and will not target individuals solely on the basis of their nationality. .
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