US’ Adeyemo: US and allies plan new sanctions this week to continue to isolate Russia over war in Ukraine
|US Deputy Treasury Secretary Wally Adeyemo said on Tuesday, “US and allies plan new sanctions this week to continue to isolate Russia over the war in Ukraine.”
Additional quotes
US plans to crack down on Russia's use of dual-use goods, trans-shipment through bordering countries
US. and allies will cut off companies and banks doing business with Russia from western markets and financial systems
Will act against intermediaries helping Russia evade G7 oil price cap.
US concerned about deepening Russia-China ties, but beijing can't supply advanced semiconductors moscow needs
US to tell Chinese firms, financial institutions they face sanctions if they materially support Russia.
Market reaction
Amidst escalating geopolitical tensions surrounding the Rusisa-Ukraine war, markets continue to sell risk, reflective of the 0.65% drop in the US S&P 500 futures. The safe-haven US Dollar is holding the upside just above 104.00 against its major peers.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.