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The US has warned countries that trade with Russia, reports the Financial Times. Such countries risk secondary sanctions if they allow Russian banks to open local branches, financing the supply of goods to the Russian military-industrial complex. The move is aimed at closing the loopholes that Russia has used to circumvent sanctions, including finding ways to pay for dual-use goods needed for weapons in a covert manner. In a commentary to the FT, US Deputy Treasury Secretary Wally Adeyemo said that Washington is now ready to pursue countries that allow Russian banks to open branches in their j…

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