U.S. Firms Urged to Tighten Russia Sanctions Compliance

U.S. Deputy Treasury Secretary Wally Adeyemo emphasized the need for manufacturers and distributors to enhance their compliance with Russia-related sanctions amid the ongoing Ukraine conflict. He highlighted the importance for U.S. companies to scrutinize their supply chains to avoid being complicit in Russia’s efforts to bypass sanctions.

Manufacturers and distributors need to step up compliance with Russia-related sanctions amid the ongoing war in Ukraine, U.S. Deputy Treasury Secretary Wally Adeyemo told CNBC on Tuesday.

U.S. companies in particular need to pay more attention to their supply chains to ensure they are not complicit with Russia's evasion of sanctions over Ukraine, Adeyemo said in an interview.