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Financial Crime, Sanctions

US Treasury Under Secretary for Domestic Finance reveals 80% of Russia’s banking assets are under Treasury restrictions; US Treasury and global finance ministries have ‘isolated’ Russian economy

US Under Secretary Nellie Liang
Photo credit: Brookings Institution

By Elizabeth Hearst for AMLi

The United States Under Secretary for Domestic Finance, Nellie Liang, has said the US Treasury and finance ministries around the world have “isolated the Russian economy” in the wake of international sanctions. 

Speaking at the Institute of International Bankers Conference, Ms Liang praised the “heroic resilience” of the Ukrainian people, following the Russian invasion.

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