The United States imposed massive sanctions on Russia as a result of its "lack of serious commitment to a peace process to end the war in Ukraine," the Treasury Department said.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) placed sanctions on the Lex Instituto de Estudos Juridicos LTDA (Lex Institute) for its support of Brazilian Supreme Federal Court (STF) Justice Alexandre de Moraes.
The U.S. Department of the Treasury is intensifying efforts to crack down on global cartel financing, revealing that Chinese money laundering networks are working directly with Mexican drug cartels to move billions of dollars. The findings highlight a growing alliance between two of America’s most dangerous adversaries—China and the cartels fueling the fentanyl epidemic.
Treasury Secretary Scott Bessent reaffirmed the Trump administration’s economic strategy Wednesday, emphasizing plans for trade alliances with key partners to counter China while brushing off fears of a financial meltdown.
