Deputy Treasury Secretary Wally Adeyemo says the United States and allies will hit Russia with more sanctions over its invasion of Ukraine that was launched in February 2022.
National Black Farmers Association President John Boyd Jr. slams the Biden administration for not supporting American farmers and sending money overseas
The invasion started on Feb. 24, 2022, and shows no signs of slowing down. According to Rosstat , the Russian economy shrank 1.9% during the first quarter of 2023. The Russian economy grew 3% in the first quarter of 2022. Adeyemo sees sanctions as one tool as part of a larger strategy that includes diplomacy and arming Ukrainians with weapons.
Adeyemo added that the U.S. has, so far, not seen China make moves to provide that material military support, but the U.S. has already sanctioned a small Chinese satellite company for helping Russia. On Jan. 26, the Treasury Department cited Chinese satellite firm Spacety and its Luxembourg subsidiary for providing images that helped a Kremlin-backed group conduct operations in Ukraine.
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