US wants all European companies to leave Russian market

Top sanctions officials from the US Treasury Department plan special international trips this month to pressure firms and countries still doing business with Russia to cut off financial ties because of the war on Ukraine, Report informs referring to the AP.

The message is that those working with Russia’s government must decide whether continue to provide Moscow with material support or keep doing business with countries that represent 50 percent of the global economy.

Those are the choices to be laid out, senior Treasury officials told reporters. They spoke on the condition of anonymity to preview the travel plans.

Treasury officials Liz Rosenberg and Brian Nelson - specialists in sanctions and terrorist financing - will travel to Europe this month to meet with leaders of financial institutions in Switzerland, Italy and Germany.

They plan to share intelligence on potential sanctions evaders and to warn of the potential penalties for failure to comply with international sanctions.