WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met with Korea First Vice Minister of Economy and Finance Eog-weon Lee. The two affirmed the important role of the U.S.-Korean partnership in upholding international law and security. The Deputy Secretary welcomed the Korean government’s cooperation on removing key Russian banks from the SWIFT network and […]
Category Archives: U.S. Treasury
Treasury Sanctions South Africa-based ISIS Organizers and Financial Facilitators
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four Islamic State of Iraq and Syria (ISIS) and ISIS-Mozambique (ISIS-M) financial facilitators based in South Africa. ISIS members and associates in South Africa are playing an increasingly central role in facilitating the transfer of funds from the top […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with French Finance Minister Bruno Le Maire
WASHINGTON – Yesterday, Secretary of the Treasury Janet L. Yellen spoke with French Finance Minister Bruno Le Maire. Secretary Yellen affirmed the United States’ support for Ukraine’s sovereignty and our commitment, together with our partners, to holding Russia accountable. The Secretary expressed appreciation for France’s partnership and close coordination on Russia sanctions, which has helped […]
READOUT: Secretary of the Treasury Janet Yellen’s Call with Japanese Finance Minister Shunichi Suzuki
WASHNGTON – Earlier tonight, Secretary of the Treasury Janet Yellen spoke with Japan Finance Minister Shunichi Suzuki. Secretary Yellen pledged to work closely with Japan, and with the G7, to isolate Russia from the global financial system in light of its unprovoked invasion towards Ukraine. Secretary Yellen highlighted the force of the unprecedented and coordinated measures […]
Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2021
Washington – Preliminary data from the June 2021 benchmark survey of foreign portfolio holdings of U.S. securities were released today on the Treasury website at https://home.treasury.gov/data/treasury-international-capital-tic-system/us-liabilities-to-foreigners-from-holdings-of-us-securities. Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 29, 2022. The survey was undertaken jointly […]
Treasury Prohibits Transactions with Central Bank of Russia and Imposes Sanctions on Key Sources of Russia’s Wealth
In Coordination with Allies and Partners, Treasury Actions Restrict Access to Billions in Central Bank Assets and Sovereign Wealth Fund Treasury Sanctions Russian Direct Investment Fund – A Symbol of Russian Kleptocracy United States and its Partners and Allies Continue to Hold the Government of the Russian Federation Accountable for its Premeditated and Unprovoked Invasion […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Japan Finance Vice Minister Masato Kanda
Earlier tonight, Deputy Secretary of the Treasury Wally Adeyemo spoke with Japan Finance Vice Minister Masato Kanda. Deputy Secretary Adeyemo affirmed the U.S.’s support for the sovereignty of Ukraine and the freedom of its people, committing to hold Russia accountable for its actions. Deputy Secretary Adeyemo also commended Japan’s announcement earlier today to support removing […]
U.S. Treasury Imposes Sanctions on Russian Federation President Vladimir Putin and Minister of Foreign Affairs Sergei Lavrov
United States, in Partnership with Allies and Partners, Sanctions the Architects of Russia’s War Against Ukraine State Department Also Sanctions Minister of Defense Sergei Shoigu and Chief of the General Staff of the Russian Armed Forces Valery Gerasimov WASHINGTON – Today, the United States, in coordination with allies and partners, continued to forcefully respond […]
U.S. Treasury Issues General License to Facilitate Economic Activity in Afghanistan
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new General License (GL) to expand authorizations for commercial and financial transactions in Afghanistan, including with its governing institutions. The GL aims to ensure that U.S. sanctions do not prevent or inhibit transactions and activities needed to provide […]
New Treasury Data Shows Over 80% of Emergency Rental Assistance Delivered to Lowest-Income Households
High percentages of assistance reaching Black, Latino, and female-headed households WASHINGTON — The U.S. Department of the Treasury released demographic data today showing that funds delivered to millions of households through its Emergency Rental Assistance (ERA) program are reaching underserved and vulnerable communities. These findings follow a series of actions taken by Treasury to ensure an equitable distribution of funds by state and local ERA grantees. According to reporting data, over 80% of ERA assistance was delivered to very […]