# Economic, Energy, Agricultural and Trade Issues – United States Department of State

- Assistant Secretary Geoffrey R. Pyatt’s Travel to Germany and Angola Office of the SpokespersonOn June 10, 2024, Assistant Secretary for Energy Resources Geoffrey R. Pyatt will travel to Berlin, Germany for the Ukraine Recovery Conference (URC). On June 12, he will travel to Luanda, Angola for the third U.S.-Angola Energy Security Dialogue (ESD), a deliverable from President Biden’s meeting with Angolan President Lourenco in the Oval Office last year.In Berlin, Assistant Secretary Pyatt will join Under Secretary Jose W. Fernandez on the U.S. delegation led by Special Representative for Ukraine’s Economic Recovery Penny Pritzker. He will convene, with URC hosts, a G7+ Ukraine energy coordination group meeting and hold bilateral discussions with private sector and government partners focused on marshalling emergency assistance for Ukraine’s energy sector following Russia&#8217;s escalation of attacks beginning March 22. Alongside Ukrainian and other international partners, Assistant Secretary Pyatt will also join a panel on Ukraine’s new national energy and climate plan and support American companies looking to develop Ukraine opportunities.On June 13, Assistant Secretary Pyatt will travel to Luanda and open the ESD with Minister of Mineral Resources, Oil and Gas, Angola Diamantino Pedro Azevedo and Minister for Energy and Water João Baptista Borges, the heads of the Angolan delegation. Their conversations will cover Angola’s energy security, energy transition, and decarbonization goals, including critical minerals, and supporting Angola’s ambitions for increased energy access and power generation.This dialogue reflects the United States’ and Angola’s deep historical cooperation on energy issues, bolstered by $900 million in U.S. clean energy investment finalized at the U.S.-Africa Business Summit in Dallas, Texas, and builds on high-level travel to Angola by Secretary Antony Blinken, Secretary of Defense Lloyd Austin, USAID Administrator Samantha Power, Deputy Secretary of State Richard Verma, and EXIM Chair Reta Jo Lewis.For further media information, please contact ENR-PD-Clearances@state.gov.
- Special Representative for Ukraine’s Economic Recovery Pritzker’s Travel to Germany Office of the SpokespersonSpecial Representative for Ukraine’s Economic Recovery Penny Pritzker will travel to Berlin, Germany to serve as Head of Delegation to the Ukraine Recovery Conference June 11 &#8211; 12. In Berlin, Special Representative Pritzker will also represent the United States as Co-Chair in the Multi-agency Donor Coordination Platform (MDCP), launch the Business Advisory Council, and meet with Ukrainian government officials, allies, private sector representatives and civil society to discuss Ukraine’s economic recovery. The conference will seek to mobilize continued international support for the recovery, reconstruction, reform, and modernization of Ukraine.Special Representative for Ukraine’s Economic Recovery Penny Pritzker will be joined by:Jose W. Fernandez, Under Secretary for Economic Growth, Energy, and the EnvironmentGeoffrey R. Pyatt, Assistant Secretary Bureau of Energy Resources
- Departure of Assistant Secretary Ramin Toloui Antony J. Blinken, Secretary of State													HomeOffice of the SpokespersonPress Releases&#8230;Departure of Assistant Secretary Ramin Toloui				hide		if(window.jQuery) {		jQuery( document ).ready(function() {			if (jQuery(".bc_middle").hasClass("collapse")) {				jQuery(".bc_ellipse").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});				jQuery(".bc_hide").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});			} else {				jQuery(".bc_ellipse").hide();			}		});	}																										Departure of Assistant Secretary Ramin Toloui																																		Press Statement																														May 29, 2024																																							As Assistant Secretary for Economic and Business Affairs, Ramin championed a guiding principle of our foreign policy: that economic security is national security. Through his leadership, the Department has cultivated resilient semiconductor supply chains under the CHIPS Act, protected critical technologies like artificial intelligence by shaping outbound investment regulations, and imposed costs on Russia for its illegal invasion of Ukraine. He has coordinated with allies and partners to strengthen global supply chains, align investment policies, and counter coercion by hostile actors.Ramin has guided the Department’s engagement in the G20, deepened partnerships with U.S. businesses and workers, and advanced key initiatives to enhance global food security. As he prepares to depart the Department in June, I thank Ramin for his exceptional service. On behalf of the Department, I wish him well as he returns to Stanford University later this summer.						Tags																					Bureau of Economic and Business Affairs																								Office of the Spokesperson																								The Secretary of State
- Under Secretary Fernandez’s Travel to Michigan Office of the Spokesperson													HomeOffice of the SpokespersonPress Releases&#8230;Under Secretary Fernandez’s Travel to Michigan				hide		if(window.jQuery) {		jQuery( document ).ready(function() {			if (jQuery(".bc_middle").hasClass("collapse")) {				jQuery(".bc_ellipse").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});				jQuery(".bc_hide").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});			} else {				jQuery(".bc_ellipse").hide();			}		});	}																										Under Secretary Fernandez’s Travel to Michigan																																		Media Note																														May 28, 2024																																							Under Secretary Fernandez will travel to Michigan May 28 to 30 to participate in the&nbsp;Mackinac Policy Conference, the premier Midwest policy and economic gathering of government and industry leaders to discuss current policy challenges and opportunities in the critical minerals, batteries, and electric vehicle sectors, and their associated supply chains as well as meet with industry and labor representatives in Detroit.While on Mackinac Island, Under Secretary Fernandez will see firsthand how foreign direct investments in Michigan’s critical production sectors are contributing to the U.S. economy and our sustainable, clean energy transition thanks to incentives in the Inflation Reduction Act. Under Secretary Fernandez will also engage with Michigan public officials to highlight the State Department’s work on Subnational Diplomacy, which strengthens the relationship between the State Department and state and local governments.In Detroit, Under Secretary Fernandez will meet with Michigan-based companies, including a site visit to the General Motors technology and innovation campus, where he’ll tour their state-of-the-art design lab. Alongside Special Representative for International Labor Kelly Fay Rodríguez, Under Secretary Fernandez will also engage with labor unions, such as the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), to talk about the Department&#8217;s work on critical minerals, supply chain resilience, and emerging technologies, and identify ways the State Department could strengthen foreign commercial advocacy to benefit Michigan’s private sector and promote job creation.To stay up to date, follow Under Secretary Fernandez on X:&nbsp;@State_E, LinkedIn:&nbsp;@State-E, and Facebook:&nbsp;@StateDeptE. For further media information, please contact&nbsp;E_Communications@state.gov.						Tags																					Bureau of Economic and Business Affairs																																														Climate and Environment																																							Energy																															Michigan																								Office of the Spokesperson																																Official Domestic Travel																																							Supply Chains																															Under Secretary for Economic Growth, Energy, and the Environment
- Assistant Secretary Noyes Travels to Colombia Office of the SpokespersonAssistant Secretary for the Bureau of Population, Refugees, and Migration (PRM) Julieta Valls Noyes will travel to Bogotá, Colombia May 27-30. She will accompany Deputy Secretary of State for Management and Resources Richard Verma and other delegation members in the 11th round of the U.S.-Colombia High-Level Dialogue to underscore areas of shared interest including migration management, counternarcotics and security, human rights and equity, education, economic opportunities, energy transition, and climate action. Assistant Secretary Noyes will also meet with PRM partners, staff and applicants at the Bogotá Safe Mobility Office and the Resettlement Support Center, and UNHCR and IOM representatives.
- Bicentennial of U.S.-Brazil Bilateral Relations Antony J. Blinken, Secretary of StateToday, the United States and Brazil mark 200 years of diplomatic relations between our countries.  On May 26, 1824, U.S. President James Monroe received Brazilian Chargé d’Affaires José Silvestre Rebello in Washington, D.C.  With this welcome, the United States recognized Brazil’s independence and established our now 200-year partnership.  We joined together as allies in World War II, when U.S. and Brazilian forces fought side-by-side in the Italian Campaign, demonstrating courage and sacrifice that contributed to our shared victory.Our cooperation remains vital to the prosperity of our peoples and generates benefits far beyond our countries’ borders.  The United Stares and Brazil are charting new paths for economic cooperation that respect the importance of the environment, clean energy, and sustainable development to our collective futures.  Together, we promote the well-being of our peoples by ensuring the fair treatment of workers and by strengthening economic ties that create jobs.  As we move into the next century of partnership, the United States is committed to continuing to work with Brazil to advance the continued peace and prosperity on which our democracies depend.
- 2024 Indo-Pacific Business Forum Forges New Collaborations, Spurs Innovation, and Drives Investment Office of the Spokesperson													HomeOffice of the SpokespersonPress Releases&#8230;2024 Indo-Pacific Business Forum Forges New Collaborations, Spurs Innovation, and Drives Investment				hide		if(window.jQuery) {		jQuery( document ).ready(function() {			if (jQuery(".bc_middle").hasClass("collapse")) {				jQuery(".bc_ellipse").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});				jQuery(".bc_hide").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});			} else {				jQuery(".bc_ellipse").hide();			}		});	}																										2024 Indo-Pacific Business Forum Forges New Collaborations, Spurs Innovation, and Drives Investment																																		Fact Sheet																														May 22, 2024																																							The Governments of the United States and the Philippines co-hosted the sixth Indo-Pacific Business Forum (IPBF) on May 21, 2024, in Manila, the Philippines.&nbsp; IPBF is the premier U.S. government commercial diplomacy event in the region, connecting CEOs, project developers, government officials, and sources of financing for priority infrastructure in emerging Indo-Pacific economies.&nbsp; Through keynote remarks, plenary panels, breakout sessions, and business matchmaking, participants shared their insights on the latest trends, opportunities, and solutions to support critical projects across all sectors.This year boasted the largest in-person IPBF since the onset of the pandemic with over 700 senior government officials and business executives from the United States, the Philippines, and across the Indo-Pacific region convening in Manila. &nbsp;This is also the first year that the IPBF has returned to Southeast Asia since we co-hosted with Vietnam in 2020.Our Commitment to Indo-Pacific Economic Recovery and Sustainable and Inclusive GrowthThe United States&#8217; vision for a free and open, connected, prosperous, secure, and resilient Indo-Pacific continues with our commitment to expand economic engagement with the region.&nbsp; The diversity of U.S. leadership at the 2024 IPBF is a reflection of the importance the United States places on this event.&nbsp; Secretary of State Antony Blinken gave recorded remarks at the Forum and in-person senior U.S. government official participation included:U.S. Trade and Development Agency Director Enoh T. EbongSenior Advisor to the President for Energy and Investment Amos HochsteinU.S. International Development Finance Corporation Deputy Chief Executive Officer Nisha BiswalExport-Import Bank of the United States First Vice President and Vice Chair Judith D. PryorAssistant Secretary of State for the Bureau of East Asian and Pacific Affairs Daniel J. KritenbrinkU.S. Senior Official for APEC Ambassador Matt MurraySpecial Coordinator for the Partnership for Global Infrastructure and Investment Helaina MatzaAssistant U.S. Trade Representative for Southeast Asia and the Pacific Sarah EllermanU.S. Department of Commerce Counselor and Chief Negotiator Sharon YuanThe key themes of this year’s Forum were clean energy, digital transformation, supply chain resiliency, transportation infrastructure, and emerging technologies, building on Biden-Harris Administration’s priorities under the Indo-Pacific Strategy, the Indo-Pacific Economic Framework for Prosperity (IPEF), the Quad, and the U.S. 2023 APEC host year.Additionally, we are pleased to announce that two priority White House engagements were launched. &nbsp;Senior Advisor Hochstein, Japanese Deputy General Ishizuki, and Philippine Special Assistant to the President for Investment and Economic Affairs Go followed through on their leaders’ commitment from the first-ever U.S.-Japan-Philippines Trilateral Leaders’ Summit in April co-chairing the first Luzon Economic Corridor steering committee meeting, a demonstration of our commitment to IPEF partners and a key deliverable under the PGI-IPEF Investment Accelerator.The second being the launch of the IPEF Small and Medium Enterprise (SME) Network,&nbsp;which AUSTR Ellerman and Counselor and Chief Negotiator for IPEF Sharon Yuan introduced to IPEF SME stakeholders.&nbsp; The IPEF SME Network is a new initiative that will connect SME organizations across the 14 IPEF partner countries to promote regional trade and investment, facilitate business-to-business ties, and enhance the economic competitiveness of SMEs in the Indo-Pacific region.New U.S. and Partner Efforts to Advance an Open, Connected, Prosperous, Secure, and Resilient Indo-PacificParticipating U.S. and partner country officials, and executives representing businesses operating in the region, highlighted a wide range of signings and deliverables, including:Bangladesh: International Submarine Cable – USTDA awarded a feasibility study grant to Bangladeshi telecommunications company CdNet Communications Limited to expand reliable internet connectivity and quality across Bangladesh through the development of the Bangladesh International Submarine Cable (Bagha-1). This grant was signed at the 2024 Indo-Pacific Business Forum.India: Regional Entrepreneurship Workshop – Embassy New Delhi’s Nexus incubator hub, part of the American Center New Delhi, could host a three-day workshop for young South Asian entrepreneurs as part of the broader Young South Asian Leaders Initiative (YSALI) launching in 2024. Nexus brings the best practices in innovation, technology, and entrepreneurship to Indian startups.  They have partnered with some of the biggest names in the Indian ecosystem to help create a world-class network for Indian startups and entrepreneurs.  This would be the first time we broaden the hub to serve the wider regional entrepreneurial ecosystem.Malaysia: Sepang District City Integrated Command Center – USTDA announced its approval of grant funding for a feasibility study to the Sepang City Council (MPS) to support the development of a city integrated command center (CICC) for Sepang District, a key economic hub in Malaysia. The CICC will enable Sepang District to leverage a large volume of smart city data to improve city operations, including faster emergency response, reduced traffic congestion, and lower greenhouse gas emissions. The project will also help to link city data with that of neighboring areas to improve regional planning and coordination.Philippines: Carrier-Neutral Internet Exchange Point Rollout – USTDA awarded a grant to Filipino company Responsible Internet Sustainability Effort, Inc. (RISE) for a feasibility study that will help internet service providers in the Philippines to strengthen the delivery of high-quality and resilient internet services, especially in underserved communities. The study will advance RISE’s efforts to expand carrier-neutral internet exchange infrastructure through its GetaFIX business unit. This grant was signed at the 2024 Indo-Pacific Business Forum.Philippines: DFC’s Loan Agreement with Lhoopa for an Affordable Housing Project – DFC is providing a $20 million loan to Lhoopa, Inc., a real estate investment company based in the Philippines. The loan will promote affordable housing throughout the country, bringing DFC’s total commitments in the Philippines to $80 million.Philippines: New U.S. Civil Nuclear/Small Modular Reactor (SMR) Industry Working Group for Southeast Asia – The U.S. Department of Commerce’s International Trade Administration (ITA) is creating an industry working group for the civil nuclear industry in Southeast Asia.  The new Industry Working Group will be composed of approximately 40 U.S. companies seeking to gain a better understanding and traction on civil nuclear power projects, particularly SMR technologies, across Southeast Asia.  ITA, including the Office of Energy and Environmental Industries (OEEI) and the Foreign Commercial Service office in Manila will co-manage the working group, with the support of USTDA and other U.S. government agencies.Philippines: MOU between PAEF and DOE on Civil Nuclear Workforce Development – The Philippine American Educational Foundation (PAEF) plans to sign an agreement with the Philippine Department of Energy to promote capacity building and workforce development through scholarships and academic exchanges in the civil nuclear industry in the Philippines.Philippines: Announcement of New DFC Office in the Philippines – The U.S. International Development Finance Corporation (DFC) intends to open a regional office in the Philippines to facilitate further investment across the country. The new office will allow DFC to closely monitor existing commitments in the Philippines and further mobilize private sector investments, especially in priority sectors like infrastructure, critical minerals, and renewable energy.   New Commercial Initiatives in Indo-Pacific&nbsp;Participating U.S. and partner country officials, and executives representing businesses operating in the Indo-Pacific region, highlighted a wide range of commercial deals and new initiatives, including:Advanced Micro Devices (AMD): Advanced Micro Devices (AMD) inaugurated its largest global design center, the Technostar research and development campus in Bengaluru, as part of a $400 million investment over the next five years in India.Applied Materials, Inc.: Applied Materials, Inc., will invest $400 million to establish a collaborative engineering center in India.Citi: Regional Indo-Pacific on Citi Debt and Equity Investments &#8211; Citi emerged as the top underwriter for equity capital markets in Asia (excluding Japan) for the first quarter of 2024. Notable transactions over this period include the US$2 billion combination block trade for Hana Bank, the US$1.1 billion block trade by Tata Sons in Tata Consultancy Services, and the US$689 million global depository receipt for GlobalWafers. On May 7th, Citi supported the Republic of the Philippines when the country tapped the U.S. dollar bond market pricing a dual tranche offering totaling US$2 billion, including a sustainability tranche. This is the first bond issuance in the international capital markets this year. It is the fifth G3 ESG bond offering representing the Philippines’ unwavering commitment to their sustainable finance framework and development goals. Citi also acted as joint lead manager for a USD 3.5bn 3-yr bond and 2bn 10-yr bond issuance of the Asian Development Bank.Delta Air Lines: Strengthening Presence the Indo-Pacific Region – Delta Air Lines is strengthening its presence in the Indo-Pacific region to address returning demand both in business and leisure travel. The company’s investments include deploying state of the art aircraft and launching new non-stop services to Taipei from Seattle. Delta Air Lines has also added additional services to Seoul from Atlanta, making these cities being served with twice daily flights on Delta and enhancing more options for valued travelers. The company has also announced it will launch new direct flights to Brisbane towards the end of 2024.  Delta also continues its joint-venture partnership with Korean Air, connecting 80 cities in the region with 280 cities in the United States over its world-class hub Seoul-Incheon Airport.GE: India GE Aerospace Expanding Manufacturing Facility in Pune – GE Aerospace has announced an investment of over Rupees 240 crore (US$30 million) to expand and upgrade its manufacturing facility in Pune. The investment will allow the facility to add new projects and manufacturing processes by acquiring machines, equipment, and specialized tools along with capacity enhancement of existing products.Lam Research: Lam Research will train 60,000 Indian engineers through its Semiverse Solution virtual fabrication platform at the Indian Institute of Science to accelerate India’s semiconductor education and workforce development goals.Micron Technology, Inc.: Micron Technology, Inc. will invest up to $825 million to build a new semiconductor assembly and test facility in India with support from the Indian government.Microsoft: Indonesia, Thailand, and Malaysia: Cloud and AI Infrastructure – Microsoft is making significant cloud and AI infrastructure investments in Indonesia, Thailand, and Malaysia. This strategic move will enhance the AI capabilities of these ASEAN nations, provide AI skilling opportunities for 2.5 million people by 2025, and position this fast-growing region as a hub for advanced technologies. Microsoft is also exploring future areas of collaboration with the U.S. government to support enhanced digital infrastructure in the Indo-Pacific region.PepsiCo: Vietnam: Snack Production Facility – PepsiCo has invested around US $90 million in building a new stack production facility in Vietnam. This project will contribute to promoting economic development, bringing long-term benefits to Vietnam.ParticipationU.S. Trade and Development Agency Director Enoh T. Ebong led the United States delegation to Manila and opened the event. &nbsp;Philippine President Ferdinand Marcos, Jr. delivered keynote remarks along with Assistant Secretary of State Daniel J. Kritenbrink. &nbsp;Senior government officials from Japan, the Philippines, and the Republic of Korea also participated. &nbsp;The U.S.-ASEAN Business Council led a delegation of over 40 major companies.&nbsp; Additionally, Embassy Dhaka, Bangladesh, and Embassy Colombo, Sir Lanka, hosted their own satellite events during the IPBF.&nbsp; Speakers from the private sector and partner organizations participated throughout the day, including executives and officials from:Aboitiz Power CorporationAmkorAsian Development BankCdNet Communications LtdExxonMobil LNG Market DevelopmentIBM Asia PacificIntegrated Micro-Electronics IncI Squared CapitalJapan Bank for International CooperationJollibee Foods CorporationRISE PhilippinesVital EnergyWorld BankThe U.S. Trade and Development Agency co-hosted the Forum in collaboration with the Government of the Republic of the Philippines, in partnership with the Department of State and with the US. Chamber of Commerce, the American Chamber of the Commerce of the Philippines, the U.S.-ASEAN Business Council, Makati Business Club, and the American Association of the Indo-Pacific. &nbsp;For additional information on the 2024 Indo-Pacific Business Forum please visit: https://indopacificbusinessforum.com/						Tags																					Bureau of East Asian and Pacific Affairs																								Office of the Spokesperson
- Americas Partnership Senior Official Travels to Ecuador and Costa Rica to Advance Regional Cooperation on Sustainable Food Production and Digital Office of the SpokespersonAmbassador Lisa Kubiske, the U.S. Senior Official  for Foreign Affairs for the Americas Partnership for Economic Prosperity (Americas Partnership), and Dr. Jonathan McFadden, research economist at the U.S. Department of Agriculture, will take part in the first Americas Partnership Food Security Conference focused on Global Food Security and the Bioeconomy May 20-21, 2024, in Quito, Ecuador.Ecuador and Peru lead the Americas Partnership Sustainable Food Production workstream, which also includes participation by the United States, Canada, Barbados, Colombia, Costa Rica, and the Dominican Republic.Ecuador’s Under Secretary Santiago Apunte will welcome officials from partner countries as experts from the Inter-American Development Bank and across the region gather in Quito to discuss how new technologies, climate-smart tools, and bioeconomic approaches can advance efforts to ensure our people have a sufficient supply of sustainably produced food.  The aim of the two-day conference is to establish a regional agenda and concrete projects that help realize our goals of sustainable food production.Ambassador Kubiske will then travel to Costa Rica May 21-22 to discuss with Costa Rican government officials, industry, and academic institutions how the Americas Partnership can advance digital workforce development in the region.  Costa Rica, which leads the Americas Partnership digital workstream, is building a Center of Excellence focused on the digital technology sectors of the future – including semiconductors, cybersecurity, 5G, and artificial intelligence – working with industry and academia to create a pipeline of talent and employment opportunities in these sectors.The Americas Partnership founding countries are Barbados, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, the United States, and Uruguay. Learn more about the Americas Partnership at the webpage:  https://www.state.gov/americas-partnership-for-economic-prosperity/, and in Spanish:  https://www.state.gov/alianza-para-la-prosperidad-economica-en-las-americas-apep/. To stay up to date, follow the hashtag #AmericasPartnership and Under Secretary Fernandez on X: @State_E, LinkedIn: @State-E, and Facebook: @StateDeptE. For further media information, please contact E_Communications@state.gov.
- Exposing a Sanctions Evasion Scheme Connected to a Designated Russian Oligarch HomeOffice of the SpokespersonPress Releases&#8230;Exposing a Sanctions Evasion Scheme Connected to a Designated Russian Oligarch				hide		if(window.jQuery) {		jQuery( document ).ready(function() {			if (jQuery(".bc_middle").hasClass("collapse")) {				jQuery(".bc_ellipse").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});				jQuery(".bc_hide").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});			} else {				jQuery(".bc_ellipse").hide();			}		});	}																										Exposing a Sanctions Evasion Scheme Connected to a Designated Russian Oligarch																																		Press Statement																														May 14, 2024																																							The United States is today designating one Russian individual and three Russia-based companies involved in an attempted sanctions evasion scheme connected to Russian oligarch Oleg Vladimirovich Deripaska, who was previously sanctioned by the United States, Australia, Canada, the European Union, New Zealand, the United Kingdom, and Switzerland.Today’s action reaffirms our commitment to countering attempts to circumvent international sanctions and export controls. &nbsp;We will continue to protect the international financial system and take action against actors inside and outside of Russia who facilitate sanctions evasion.The Department of the Treasury actions were taken pursuant to&nbsp;Executive Order 14024,&nbsp;as amended by&nbsp;Executive Order 14114. &nbsp;For more information on today’s action, see Treasury’s press release.						Tags																					Bureau of European and Eurasian Affairs																								Division for Counter Threat Finance and Sanctions																								Office of the Spokesperson																								Russia																																Sanctions
- Prohibiting Imports of Uranium Products from the Russian Federation HomeOffice of the SpokespersonPress Releases&#8230;Prohibiting Imports of Uranium Products from the Russian Federation				hide		if(window.jQuery) {		jQuery( document ).ready(function() {			if (jQuery(".bc_middle").hasClass("collapse")) {				jQuery(".bc_ellipse").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});				jQuery(".bc_hide").click(function(){					jQuery(".bc_hide").toggleClass("visible");					jQuery(".bc_middle").toggle();					jQuery(".bc_ellipse").toggle();					jQuery(".bc_content").toggleClass("noflex");					jQuery(".block_breadcrumbs_content").toggleClass("noflex");				});			} else {				jQuery(".bc_ellipse").hide();			}		});	}																										Prohibiting Imports of Uranium Products from the Russian Federation																																		Press Statement																														May 14, 2024																																							The President signed H.R. 1042, the Prohibiting Russian Uranium Imports Act, into law May 13, 2024.  This bipartisan legislative action prohibits the import of Russian uranium products into the United States as of August 12, 2024, while enabling a waiver process with the Department of Energy, in consultation with the Departments of State and Commerce, through January 1, 2028, consistent with the law. This prohibition supports the United States’ ongoing effort to reduce and ultimately eliminate our dependence on Russian uranium for civil nuclear power reactors by prohibiting uranium product imports from the Russian Federation.&nbsp; Russia continues to use its military-industrial base in its war against Ukraine and to undermine international and U.S. national security, in part, with proceeds from its uranium exports.&nbsp;&nbsp;Additionally, Russian entities responsible for uranium exports are part of the State Atomic Energy Corporation (Rosatom), which is also responsible for aspects of Russia’s nuclear weapons complex.  Proceeds from Russian uranium exports enrich Rosatom and risk enhancing Russia’s nuclear weapons program, which poses an ongoing and serious threat to the national security of the United States.  Since February 2022, the United States has sanctioned over 35 Rosatom subsidiaries and related individuals under Executive Order 14024.The Russian Federation has also proven by its actions it is willing to weaponize economic relationships, which makes the continued reliance on Russian uranium products a threat to U.S. energy and economic security through dependence on an insecure source or supply of uranium needed for domestic nuclear energy.With bipartisan support from Congress, the enactment of this law also releases $2.72 billion in appropriated funds to the Department of Energy to invest in domestic uranium enrichment further advancing a secure and resilient global nuclear energy fuel supply consistent with our international obligations.  These obligations include our commitment with the G7 in June 2022 to reduce reliance on Russian civil nuclear and related goods. Separately, this law enables our COP 28 commitments under the Sapporo 5 grouping joining Canada, France, Japan, and the United Kingdom to invest $4.2 billion to expand enrichment and conversion capacity and separately to join the Multinational Declaration to Triple Nuclear Energy Capacity by 2050.The bipartisan act&nbsp;President Biden has signed into law, together with the funding in the FY24 budget, will provide assurance to industry, allies, and partners that the United States has made a clear decision to establish a secure nuclear fuel supply chain, independent of adversarial influence, for decades to come.						Tags																					Bureau of Energy Resources																								Bureau of European and Eurasian Affairs																								Bureau of International Security and Nonproliferation																																														Energy																																							Nuclear Energy																																							Nuclear Weapons																															Office of the Spokesperson																								Russia																								Ukraine