Russia and Ukraine: US Deputy Secretary of the Treasury chooses major international companies between Russia and the West


  • Faisal Islam
  • Economics editor

Wali Adiemo

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US Deputy Treasury Secretary Wali Adeemo visited Europe to coordinate the next phase of sanctions against Russia

Deputy Secretary of the US Treasury Wally Adeemo said that major international companies must choose between investing in Russia or in allied Western countries.

Adeemo added that those companies must choose between “helping Russia” in its invasion of Ukraine or “continuing to invest in the 30 countries” that have imposed sanctions.

The US official noted that Ukraine’s allies are committed to imposing more sanctions, warning at the same time the wealthy Russians or oligarchs, saying: “They are coming to your resources.”

Since Russian President Vladimir Putin ordered the invasion of Ukraine by Russian forces, many Western companies have responded by halting their business or withdrawing their services from Russia.

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