June 30, 2022Newsletter

Russia Update: June 30, 2022


Treasury Secretary Janet Yellen will travel to South Korea in mid-July to discuss Russia and supply chains.


The Treasury Department blocked a trust worth over $1 billion that belongs to sanctioned Russian oligarch Suleiman Kerimov.

Commerce Secretary Gina Raimondo said that global exports of semiconductors to Russia have dropped by 90%.


Russia is weighing buying “friendly” currencies with oil and gas revenues to stem a ruble rally.

Ukraine Sitrep

Russian forces withdrew from “Snake Island” in the Black Sea in the wake of Ukrainian attacks.

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