U.S., allies aim to force Russia to shift money away from war
WASHINGTON — The United States and its allies are pushing ahead with sanctions aimed at forcing Vladimir Putin to spend Russia's money propping up its economy rather than sustaining its “war machine” for the fight in Ukraine, a top Treasury Department official said Tuesday.
“Let’s be clear that the increase in energy prices was caused by President Putin’s invasion, and we’re going to continue to see volatility in those markets as long as President Putin continues his illegitimate invasion of Ukraine,” he said. He added that the Biden administration was “committed to doing everything we can to lower the cost of energy for the American people."
The U.S. and its allies will next target the supply chains that contribute to the construction of Russia's war machine, Adeyemo said, which includes “everything from looking at ways to go after the military devices that have been built to use not only in Ukraine, but to project power elsewhere.” Germany in particular faces international pressure to curb its business ties with Russia, which provides the European superpower with natural gas.
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