Remarks by Secretary of the Treasury Janet L. Yellen at Ultium Cells in Spring Hills, Tennessee

As Prepared for Delivery Good afternoon, everyone. Thanks for that kind introduction. I’m grateful to the leaders and workers of Ultium Cells for having me here today. Construction sites like this give me hope – because they mean that we are in the process of building something new. In this case, it’s a 2.8-million-square foot […]

Treasury Sanctions MS-13-Affiliates for Drug Trafficking and Contract Killings in Central America and the United States

Action Part of Interagency Effort to Disrupt Mara Salvatrucha (MS-13) WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Yulan Adonay Archaga Carias a.k.a. “Alexander Mendoza” a.k.a. “Porky,” an MS-13 gang leader based in Honduras, and David Elias Campbell Licona a.k.a. “Jorge Eduardo Perez Paz,” an MS-13 associate […]

New Treasury Report Assesses Opportunities, Challenges Facing Financial Sector Cloud-Based Technology Adoption

Treasury launches interagency Cloud Services Steering Committee to bolster regulatory and private sector cooperation WASHINGTON—The U.S. Department of the Treasury today released a report on the potential benefits and challenges associated with the increasing trend of financial sector firms adopting cloud services technology. While cloud services can increase access and reliability for local communities as […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with French Finance Minister Bruno Le Maire and German Vice Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with French Finance Minister Bruno Le Maire and German Vice Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck. Secretary Yellen discussed the United States’ implementation of the Inflation Reduction Act and EU’s Green Deal Industrial Plan, stressing the need to stimulate […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Call with European Commission Executive Vice – President Margrethe Vestager

WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with European Commission Executive Vice-President Margrethe Vestager. Secretary Yellen discussed the United States’ Inflation Reduction Act and the EU’s Green Deal Industrial Plan. Secretary Yellen stressed the need to stimulate technology development and deployment on both sides of the Atlantic to speed the […]

READOUT: Under Secretary of the Treasury Brian Nelson’s Meeting with Central Bank of Iraq Governor Ali al-Allaq

ISTANBUL — Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson met with Central Bank of Iraq Governor Ali al-Allaq in Istanbul on February 3rd to discuss banking sector reforms and a mutual commitment to anti-money laundering and countering the financing of terrorism (AML/CFT) measures. Under Secretary Nelson welcomed Governor Allaq’s […]

Remarks by U.S. Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson in Türkiye

ISTANBUL — While in Istanbul, Türkiye, the U.S. Department of the Treasury’s Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson met with the Banks Association of Turkey to discuss the implementation of international sanctions on Russia for its war against Ukraine. The U.S. Treasury, including the Office of Foreign Assets […]

Statement by Secretary of the Treasury Janet L. Yellen on the Announcement on the Price Caps for Seaborne Russian-Origin Petroleum Products

WASHINGTON – Secretary of the Treasury Janet L. Yellen released the following statement following the announcement by the price cap coalition to set price caps on the price of seaborne Russian refined oil products. “I applaud the G7 price cap coalition for jointly setting caps on the price of seaborne Russian refined oil products. Today’s […]

Treasury Sanctions Board of Directors of Iranian UAV Manufacturer

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating eight senior executives of Paravar Pars Company (Paravar Pars), an Iran-based firm that was previously sanctioned by the United States and European Union for manufacturing Shahed-series unmanned aerial vehicles (UAVs) for Iran’s Islamic Revolutionary Guard Corps Aerospace Force […]

Treasury Updates Vehicle Classification Standard for Clean Vehicle Tax Credits Under Inflation Reduction Act

WASHINGTON—Today, the U.S. Treasury Department updated the vehicle classification standard used to determine the applicable Manufacturer Suggested Retail Price (MSRP) limitation for clean vehicle tax credits available under the Inflation Reduction Act. On December 29, 2022, Treasury published a notice of intent to propose regulations containing information for consumers and manufacturers in advance of the […]