The US Treasury Department on February 26 claimed a Ukraine war sanctions success. It cited data showing how the Biden administration’s threat to hit foreign financial institutions with secondary sanctions has significantly impacted financial flows between Russia and countries including Turkey, the United Arab Emirates and Kazakhstan. US Deputy Treasury Secretary Wally Adeyemo, in an interview with Reuters, referred to data available to his department, including information in reports from financial institutions. It evidenced, he said, declines in the movement of funds since Washington in Dece…
