United States Department of the Treasury

G7 leaders consider using the proceeds of frozen Russian assets to provide a $50 billion loan to Ukraine. The United States demands guarantees of a long-term freeze on Russian assets until a peace agreement is concluded.

The US Treasury Department requires institutions to report russian assets by August 2, 2024. This is part of the implementation of the Ukraine Support Act, which provides for the freezing of russian assets until compensation is paid.

China has significantly reduced the volume of semiconductor supplies to russia after the new US sanctions. From January to may 2024, the supply of advanced components through Hong Kong fell by 28%, and through mainland China - by 19%.

Biden has delegated some of his functions and authority over the Ukraine Support Act to the heads of the U. S. Treasury and State Departments. The Treasury Secretary will be responsible for financial aspects, while the Secretary of State will be responsible for diplomatic and strategic issues.

The United States has imposed sanctions on two leaders of the Cyber Army of Russia Reborn cybercrime group for attacks on critical infrastructure. CARR has been conducting DDoS attacks in Ukraine and manipulating industrial control systems in the United States and Europe.