Treasury officials work on russian asset seizure. Here we come dedollarization.

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WASHINGTON (AP) — A senior U.S. Treasury official is in Kyiv this week to talk with government officials about U.S. financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces.

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Deputy Secretary Wally Adeyemo’s trip comes as Russia gains territory on the battlefield after an especially lengthy delay in U.S. military aid left Ukraine at the mercy of Russia’s bigger army and as the outlook for Ukraine’s state finances is on shakier ground.

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Adeyemo is set to meet with officials in Ukraine’s finance ministry and president’s office. He’s also planning a stop at the Kyiv School of Economics to speak with faculty and civil society groups working on sanctions policy and ways to make sanctions on Russia more effective.

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https://apnews.com/article/treasury-russia-ukraine-war-sanctions-4dd7ed8df8d7b403eef46206320a5dbb