Marxist Anura Kumara Dissanayake sworn in as Sri Lanka's president
Case of Mexico's 43 missing students persists among tens of thousands of disappearances
Regional victory brings Germany's Scholz brief respite from growing pressure within party
Israel-Hamas war latest: Israel's air force launches dozens of airstrikes on southern Lebanon
Japan, China foreign ministers to meet in New York
Australian central bank reforms stall as Greens demand rate cuts
Australia sues grocery giants Woolworths and Coles over 'illusory' discounts
China's central bank injects cash, lowers 14-day reverse repo rate
As fast as it comes down, graffiti returns to DC streets. Not all of it unwelcome
Mahomes throws 2 touchdown passes and the Chiefs' defense preserves a 22-17 win over the Falcons
Reds fire manager David Bell after 6 seasons, name bench coach Freddie Benavides interim manager
WASHINGTON (Reuters) - U.S. President Joe Biden's new executive order strengthening U.S. sanctions against Russia will put new pressure on banks to ensure that their services are not being used to aid Russia's efforts to circumvent sanctions, U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday.
Adeyemo said in an interview on CNBC that most major financial institutions are adhering to U.S. sanctions aimed at preventing Russia from acquiring materials needed for its war effort. But the new executive order due to be signed on Friday allows the Treasury to target banks in countries like China, Turkey, the United Arab Emirates and other countries that may be willingly or unwittingly helping Russia evade sanctions, Adeyemo said.
"What this tool says is that if you're a financial institution, you need to take steps to make sure that you are not being used" by Russian front companies to evade sanctions.
(Reporting by David Lawder; Editing by Toby Chopra)
