The Latest Breaking News from Wally Adeyemo

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.

With dozens of African leaders descending on Washington this week, the Biden administration is offering a not so subtle pitch in its economic competition with China on the continent: The U.S. offers a better option to African partners

U.S. Deputy Treasury Secretary Wally Adeyemo told Turkish Deputy Foreign Minister Sedat Onal in a call on Wednesday that the price cap on Russian oil does not necessitate additional checks on ships passing through Turkish territorial waters, the U.S. Treasury Department said.

When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike.

In an interview with FRANCE 24, US Deputy Treasury Secretary Wally Adeyemo discussed the sanctions imposed on Moscow in the wake of Russia's invasion of Ukraine. "The sanctions are working and that's why Russia is working so hard to evade them," he said. Adeyemo also discussed the cap on the…

WASHINGTON: United States Deputy Treasury Secretary Wally Adeyemo will travel to Asia this week for a two-day meeting with finance ministers from the Asia-Pacific region and bilateral meetings in Thailand and Singapore, the US Treasury Department said on Tuesday.

The United States will send munitions and military vehicles to Ukraine as part of a new $725 million security assistance package aimed at bolstering the country's defense against the Russian invasion, the Defense Department said on Friday.

The United States Treasury Department issued guidance expanding the range of internet services available to Iranians despite US sanctions on the country. The US took action to support the free flow of information and access to fact-based information to the Iranian people after the Iranian government cut off access to…

US Treasury expands Iran sanction exemptions to social media platforms, video conferencing and cloud services.

The U.S. Treasury Department on Friday issued guidance expanding the range of internet services available to Iranians despite U.S. sanctions on the country, amid protests around Iran following the death of a 22-year-old woman in custody.

A number of oil-importing countries are considering joining the G7's plan to cap the price of Russian oil, Deputy U.S. Treasury Secretary Wally Adeyemo said on Thursday, adding that the group would issue related rules in the next few days.