Finance Minister Arvils Asheradens is discussing support for Ukraine with the management of the US Treasury

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On Wednesday, April 17, Finance Minister Arvils Asheradens, as well as other Baltic finance ministers and representatives of delegations, met with the Deputy Secretary of the US Treasury (Ministry of Finance) at the annual spring meeting of the trustees of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington Wally Adejemo (Wally Adeyemo). During the meeting, the parties discussed the frozen assets of the Central Bank of Russia and their possible use to provide support to Ukraine, as well as the effectiveness of the implementation of sanctions against Russia.

Latvian and US colleagues discussed the commitment to support Ukraine and to continue the unprecedented sanctions adopted against Russia. Special attention was paid to the issue of the financial assistance provided to Ukraine in the near future in order to fight more successfully on the war front. Also discussed were proposals to limit Russia’s access to goods it needs to make weapons, including a focus on China’s role in supplying Russia’s military-industrial complex.

The Deputy Secretary of the US Treasury praised the leading role of the Baltic States and Poland in the implementation of multilateral sanctions against Russian aggression in the European Union (EU).

On the other hand, during the meeting of the Minister of Finance of Latvia with Brian Nelson, the Deputy Secretary of the US Treasury for Terrorism and Financial Intelligence (Brian Nelson), the parties discussed the impact of the war caused by Russia on the economic climate of the Baltic region, as well as the possibilities of attracting investments to stimulate the development of the national economy.

The representatives of the countries also discussed the possibilities of exchanging information in order to more successfully limit attempts to circumvent sanctions on the borders of the EU and Latvia. The parties agreed that when extending sanctions to new groups of goods, it is particularly important to ensure mutual coordination within the sanctions coalition.

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