Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior US Treasury official told reporters.
The firms indicated they were working hard to prevent Russian efforts to evade sanctions and export controls, said the official, speaking on condition of anonymity.
Western countries are ratcheting up their efforts to crack down on sanctions evasion efforts, the official said, noting Moscow was in a critical period where it needed not only weapons and electronics, but also smaller components to make ammunition.