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10/30/2023

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to the United Kingdom | U.S. Department of the T…

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s
Visit to the United Kingdom
October 30, 2023

LONDON – On October 27-29, Deputy Secretary of the Treasury Adeyemo met with
government counterparts in London, United Kingdom, including UK National Security Advisor
Sir Tim Barrow, His Majestyʼs Treasury Lords Minister Baroness Joanna Penn, His Majestyʼs
Treasury Director General for International Finance Lindsey Whyte, and Foreign,
Commonwealth and Development O ice Director General for Economics, Science and
Technology Kumar Iyer.
While in London, Deputy Secretary Adeyemo delivered remarks and participated in a fireside
conversation with the Royal United Services Institute, where he announced new U.S.
sanctions targeting Hamas financing, the second round of sanctions the U.S. has announced
following Hamasʼs horrific terrorist attacks against Israel on October 7. He also stressed
Treasuryʼs continued focus on ensuring sanctions do not impede the flow of legitimate
humanitarian aid.
In his meetings in London, Deputy Secretary Adeyemo discussed the United Statesʼ ongoing
e orts to disrupt Hamasʼs ability to raise and use funds, and raised our steadfast
commitment to ensuring that humanitarian assistance can reach the people of Gaza. In every
meeting, Deputy Secretary Adeyemo underscored the importance of the U.S. and UK, along
with partners in Europe and elsewhere, working together to advance both aims – including by
building on previous designations.
Deputy Secretary Adeyemo and his counterparts also discussed the progress the U.S. and UK,
in conjunction with the rest of the G7 and other partners, are driving to thwart the Kremlinʼs
ability to power its illegal war in Ukraine, and opportunities for continued collaboration on
new actions in the coming months, including through the price cap coalition. Both sides also
reiterated their commitment to ensuring Russian sovereign assets in their respective

https://home.treasury.gov/news/press-releases/jy1852

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10/30/2023

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to the United Kingdom | U.S. Department of the T…

jurisdictions remain immobilized until Russia pays for the damage it has caused to Ukraine,
and their shared commitment to providing essential assistance to Ukraine.
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https://home.treasury.gov/news/press-releases/jy1852

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