Over 150 vessels added to SDN List WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two individuals, Li Zhenyu and Xinrong Zhuo, and the networks of entities they control, including Dalian Ocean Fishing Co., Ltd. and Pingtan Marine Enterprise, Ltd. (Nasdaq: PME) along with eight other […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen at the Bureau of Engraving and Printing Facility in Fort Worth, Texas
As Prepared for Delivery Thank you for that kind introduction, Chief Malerba, and for the extraordinary job you are doing as our Treasurer. And good morning, everyone. I’m delighted to be in Fort Worth – and at the Bureau of Engraving and Printing. Let me begin by thanking my BEP colleagues here today: for […]
G7 Cyber Expert Group Releases New Reports on Ransomware and Third-Party Risk
WASHINGTON—The G7 Cyber Expert Group (CEG) – which U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure (OCCIP) co-chairs alongside the Bank of England – recently released two reports addressing ransomware and third-party risk within the financial sector. These free and publicly available resources are intended to help financial sector entities better understand […]
Treasury Announces Two Additional Capital Projects Fund Awards to Increase Access to Affordable, High-Speed Internet
Colorado and New Mexico are approved to receive approximately $288 million under the American Rescue Plan and will connect nearly 60,000 homes and businesses to affordable, high-speed internet WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of broadband projects in two additional states under the American Rescue Plan’s Capital Projects Fund: […]
Treasury Targets Sanctions Evasion Network Generating Hundreds of Millions of Dollars for Qods Force Oil Sales
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a sanctions evasion network led by businessman Sitki Ayan that has facilitated the sale of hundreds of millions of dollars’ worth of oil for Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). Ayan’s companies have established international sales contracts […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Global Business Alliance
WASHINGTON – U.S. Secretary of the Treasury Janet L. Yellen met today with members of the Global Business Alliance to discuss the economic recovery, both domestically and across the world. Secretary Yellen highlighted the rapid economic recovery from the pandemic and the economy’s transition to sustained, steady growth. The Secretary highlighted the resilience of the […]
United States, Croatia Sign Income Tax Treaty
WASHINGTON — In a ceremony held at the U.S. Department of State today, Under Secretary of State for Economic Growth, Energy and the Environment Jose W. Fernandez and Croatia’s Minister of Finance Dr. Marko Primorac signed a comprehensive income tax treaty between the United States and Croatia. The new tax treaty is the first of […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Turkish Deputy Foreign Minister Sedat Onal
WASHINGTON – On Wednesday, December 7, Deputy Secretary Adeyemo spoke with Turkish Deputy Foreign Minister Sedat Onal to discuss the United States and Turkey’s shared goal to end Russia’s unconscionable war of choice. In addition, the Deputy Secretary and Deputy Foreign Minister discussed implementation of the price cap on Russian seaborne oil, which will limit […]
Readout of Secretary of the Treasury Janet L. Yellen’s Meeting with Moldovan President Maia Sandu
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Moldovan President Maia Sandu. Secretary Yellen pledged the United States’ continued support to Moldovan efforts to combat corruption and counter Russian influence, including through close collaboration on sanctions actions and enforcement. She also discussed Moldova’s efforts to address the spillovers from Russia’s […]
Remarks by Assistant Secretary Elizabeth Rosenberg at the ACI Annual Conference on Economic Sanctions
As Prepared for Delivery Good afternoon, everyone. It is my great pleasure to be here with all of you today to discuss the importance and implications of economic sanctions. As you all know, in February of this year, Russia launched an unprovoked war in Europe. To this day, Russia has chosen violence and death. Moscow […]