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The Latest Breaking News from US Treasury

US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Tribune News Service

Yellen links Russia sanctions to 1940 U.S. asset freezes aimed at Nazis

U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.

Reuters

Yellen meets war refugees in Poland, pushes food crisis plan

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

The Independent UK

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Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

Reuters

Democrats demand US Treasury probe on Texas shifting COVID funds to border security

WASHINGTON — Texas Democrats in Congress have asked the U.S. Treasury to investigate whether Gov. Greg Abbott has misused up to $1 billion in pandemic relief funds to pay for the state’s controversial border security effort.

Tribune News Service

Former Rochdale doorman branded Kinahan cartel 'enforcer' in US government sanctions against infamous Irish cartel

Johnny Morrissey, 62, now living in Spain, has been accused of facilitating international drug shipments from south America into Europe

Manchester Evening News

Opinion: Will U.S. Rate Hikes Send Chinese Stocks and Bonds Tumbling?

It depends on whether the slowdown in Chinese economy can be reversed

Caixin Global

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War in Ukraine: Joël Lautier, the French chess star on the US sanctions list

French chess star and businessman Jöel Lautier was added to the list of people targeted by US sanctions over the war in Ukraine back in March, French business daily Les Echos reported on Wednesday, the only non-Russian to be targeted by the American authorities.

France 24

Yellen says G20 getting work done despite walkout over Ukraine war

U.S. Treasury Secretary Janet Yellen said on Thursday that she was committed to working through the Group of 20 major economies to address difficulties brought on by Russia's invasion of Ukraine, despite a walkout by her and several other Western officials from a G20 finance meeting as Russian officials spoke.

Reuters

Is Truist Financial a Good Regional Bank Stock to Own?

To tame multi-decade high inflation, the Federal Reserve has hinted at raising the interest rates aggressively this year. U.S. Treasury yields are also hitting new highs. This environment will help banks generate more interest income. So, the question becomes, with solid revenue and earnings growth potential, is it wise now…

StockNews.com

Yellen says U.S. to give Ukraine another $500 million to keep government running

The United States will give Ukraine another $500 million in to help its government continue critical government operations, doubling the $500 million aid pledge by President Joe Biden in March, U.S. Treasury Secretary Janet Yellen said on Thursday.

Reuters

US, UK and Canada walk out of G20 meeting over war in Ukraine

Sources say US Treasury secretary and BoE governor among those to leave as Russian delegates spoke

The Guardian - UK

G20 members condemn Russia's war in Ukraine, after Yellen and others stage walkout

Top officials from Britain, the United States and Canada walked out on Russia's representatives at a Group of 20 meeting on Wednesday and many members spoke to condemn Moscow's war in Ukraine, exposing deep divisions in the bloc of major economies.

Reuters

Ukraine Set to Dominate G20 Finance Chiefs Summit

Finance officials from the world's richest countries will meet on Wednesday to address global challenges like rising debt and a possible food crisis -- if they can overcome boiling tensions over Russia's invasion of Ukraine. Moscow's attack on its neighbor is set to dominate the meeting of G20 finance ministers…

Asharq Al-Awsat

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The Guardian - UK

Tyson Fury refuses to address Daniel Kinahan sanctions story

Tyson Fury brushed off questions as he met the media for the first time since the US Treasury announced sanctions on Kinahan last week

Reuters

Delegate protests over Russia to upstage G20 meeting

Western nations are preparing to stage coordinated walk-outs and other diplomatic snubs to protest against Russia's invasion of Ukraine at Wednesday's meeting of G20 finance ministers in Washington, their officials said.

The Independent UK

‘I’m just a stupid boxer’: Tyson Fury quizzed over relationship with Daniel Kinahan

Kinahan was sanctioned by the US Treasury last week for being the alleged leader of a cartel responsible for ‘smuggling deadly narcotics to Europe’

The Independent UK

US Treasury Secretary Janet Yellen will skip some G20 sessions to encourage pressure on Russia

The Treasury Department will concentrate on cracking down on those seeking to evade sweeping sanctions imposed on Russia over the war

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Reuters

Russia's war in Ukraine to blame for rising global food insecurity - Yellen

Russia's war in Ukraine is to blame for exacerbating "already dire" world food insecurity, with price and supply shocks adding to global inflationary pressures, U.S. Treasury Secretary Janet Yellen said on Tuesday.

Reuters

U.S. Treasury's Yellen to skip some G20 sessions, encourage pressure on Russia

U.S. Treasury Secretary Janet Yellen plans to skip some sessions of this week's G20 finance meeting in protest at Russia's assault on Ukraine and will urge International Monetary Fund and World Bank members to increase pressure on Moscow, two senior U.S. Treasury officials said on Monday.

The Guardian - UK

Tyson Fury pre-fight Zoom conference ducks questions over Daniel Kinahan

The subject of the US Treasury’s sanctioning of Tyson Fury’s advisor Daniel Kinahan was entirely avoided during a pre-fight conference call

Irish Mirror

Boxing promotion Probellum moves to distance itself from Daniel Kinahan and hits back at Bob Arum

The promotion has been heavily linked with Kinahan since it was launched last September

Daily Record

Lanarkshire vodka firm banned from trading in US after being put on red list

Nero Drinks has been named as a key asset of the Kinahan family's operations by investigators from the US Treasury

Daily Record

Scots vodka firm linked to notorious Kinahan gang sanctioned by US Government

Nero Drinks Company Ltd, based at a home address in Stepps, has been named as a key asset of the Kinahan family's operations by investigators from the US Treasury.

Benzinga

Betting Against U.S. Treasury Bonds Pays Off: Seizing Russia's Dollar Assets Doesn't Seem To Have Made U.S. Treasuries More Attractive To Foreign Buyers

A Bearish Bet On U.S. Treasury Bonds Last Month

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