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U.S. DEPARTMENT OF THE TREASURY READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting of Countries Imposing Economic Restrictions on Russia October 14, 2022 WASHINGTON -- Top o�icials representing ministries of finance and other government agencies from 33 countries met at the U.S. Department of the Treasury today to discuss the e�ects of international sanctions and export controls on Russiaʼs military-industrial complex and critical defense supply chains. All countries in attendance have implemented sanctions and/or export controls on Russia for its brutal war against Ukraine. The meetingʼs leaders—Deputy Secretary of the Treasury Wally Adeyemo, Deputy Secretary of Commerce Don Graves, and Deputy Director of National Intelligence Morgan Muir— shared information and analysis from the U.S. government on how these joint actions have disrupted Russiaʼs military operations and defense procurement and undermined its e�orts on the battlefield. The representatives rea�irmed their commitment to holding Russia accountable for its unconscionable actions and to prevent evasion of the sanctions and export controls they have put in place. In addition, the representatives discussed additional steps they plan to take to further debilitate Russiaʼs military-industrial complex and undercut its ability to wage war. A�er the meeting, Treasuryʼs O�ice of Foreign Assets Control (OFAC) and the Department of Commerceʼs Bureau of Industry and Security (BIS) released a joint alert detailing the impact of international sanctions and export controls. Read the joint alert . In addition, OFAC issued a new Frequently Asked Question on the sanctions risk exposure for companies providing ammunition or other military goods to Russia or for supporting Russiaʼs military-industrial complex. Read the new FAQ. Read Deputy Secretary Adeyemoʼs opening remarks at the meeting.
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