US Deputy Secretary of the Treasury Wally Adeyemo has stated that Russia’s efforts to support the ruble will eventually “deplete” its resources to continue its military aggression in Ukraine.

Adeyemo has stressed that they are working with European allies to impose a series of devastating sanctions against the Russian economy.

“We have worked with our European allies and partners to impose a series of destructive sanctions against the Russian economy and what they have done because of our sanctions is that they have taken the money they are earning from selling things abroad and they are force those exporters to take that money and return it to Russia and buy rubles. “Every time they take a dollar or a euro and return it to Russia and force their companies to buy rubles, it is depleting their resources that they will have to fight the war,” Adeyemo said.

He did not comment directly on whether Europe should stop buying gas from Russia, saying Europe had a “commitment to remove itself from Russian energy and that is what they started doing”, citing a ban on Russian coal.

“The treasury is now focused on ensuring that they stop the evasion of sanctions and pursue ‘Russian war machines’, including its air and military industry. “The main thing for us is to make sure we do this in a way that hurts the Russian economy more than it hurts our economy.”