U.S. to announce sanctions next week marking Biden's democracy summit
WASHINGTON (Reuters) - The U.S. Treasury Department will impose a series of sanctions next week to mark the U.S. Summit for Democracy, targeting people engaged in corruption, serious human rights abuse and who undermine democracy, among others, a Treasury Department spokesperson said on Friday.
The Treasury declined to provide specifics on those facing sanctions. The plans were first reported by the Wall Street Journal.
The Treasury will also announce proposals designed to close loopholes that allow corrupt officials to exploit the real estate market and to address gaps in the corporate transparency network that allow corruption to flourish and illicit proceeds to flow into the United States, the spokesperson said.
"Treasury will take a series of actions to designate individuals who are engaged in malign activities that undermine democracy and democratic institutions around the world including corruption, repression, organized crime, and serious human rights abuse," the spokesperson said.
https://www.yahoo.com/news/u-announce-sanctions-next-week-232229285.html
