Meet Adewale Adeyemo, the Ibadan-Born US Official Leading the Team Behind US Economic Sanctions On Russia
- Since the invasion of Russia on Ukraine, the United State government has announced various economic sanctions
- The sanctions are designed to force the Russian government into reversing its decision to start a war in Europe
- The brain box behind those sanctions is Adewale Adeyemo, an Ibadan born Nigerian-American as Washington looks to ramp up pressure on Russia
PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!
The last two months have been a tough one for the world, from energy cost to the chilling news of what citizens of Ukraine are facing following Russia aggression.
To find a solution, the United State government has embarked on several sanctions in a bid to force the Russian government to reverse on its decision.
The brain box behind this sanctions is Adewale "Wally" Adeyemo, the US Deputy Treasury Secretary.
Source: Getty Images
Adeyemo is not new to this type of responsibility, having served in the Barack Obama administration since 2009.
Do you have a groundbreaking story you would like us to publish? Please reach us through info@corp.legit.ng!
He was part of the team that helped coordinate the response to the global recession at the Treasury Department, laying the foundation for renewed growth at home in the US and abroad.
The Nigerian man has been a point person on a range of international economic issues, including negotiations on strong currency agreements around the Trans-Pacific Partnership.
Since the start of the Russia-Ukraine war, Adewale and his team has helped design the economic sanctions for US president, Joe Biden led adminstration against Russia ‘s Vladimir Putin.
About Wally Adeyemo
Adeyemo was born in Ibadan, Nigeria. He immigrated to California’s Inland Empire as a young child with his parents, an educator and a nurse. He attended the University of California, Berkeley and Yale Law School, BusinessDay reports.
He was sworn in as Deputy Secretary of the Treasury on March 26, 2021.
He has been at the centre of many of the country’s major economic policy decisions since the 2008 financial crisis and has worked in organisations across the public, private, and non-profit sectors to build a stronger and fairer economy.
From 2015 to 2017, Adeyemo served in the White House as Deputy National Security Adviser for International Economics and Deputy Director of the National Economic Council under Obama-led US administration. He also served as President Obama’s representative to the G7 and G20.
As Deputy Secretary, Adeyemo serves as the Treasury Department’s number two official and chief operating officer.
He has taken a role in Treasury’s national security, economic inequality, and pandemic-related economic recovery work, while supporting the Secretary in driving the Department’s fundamental mission “promoting economic growth and ensuring the financial security of the United States.”
The sanctions
Adewale Wally Adeyemo holds that the multilateral coalition President Biden has helped assemble is animated by the idea that one cannot violate the sovereignty of another country and continue to enjoy the privileges of integration into the global economy.
“[This] position is reflected in our swift and decisive actions to counter Russia’s aggression,” he said.
According to Wally Adeyemo who will be 41 on May 20, the financial sanctions, trade restrictions, and export controls put in place against Russia are being implemented by a coalition that includes more than 30 countries from around the globe who represent more than fifty percent of the global economy, issuers of the world’s most widely used convertible currencies, and producers of the world’s cutting-edge technologies.
Adeyemo said:
“As long as Russia’s invasion continues, our sanctions will continue. Even as we continue to pursue rigorous financial sanctions against Russia and its key financial institutions, the next phase of our work will be to take apart Russia’s war machine, piece by piece, by disrupting their military industrial complex and its supply chains.
“The treasury is working with our colleagues across the government and our allies and partners on operationalising the results of the review, including how to use our anti-corruption sanctions authority with these principles in mind.
We also plan to use new resources like beneficial ownership data to help implement the review’s recommendations and enhance the targeting and efficacy of our sanctions action.”
Nigerian man makes it abroad, becomes a judge in Canada
Meanwhile, Legit.ng had previously reported that a Nigerian man was appointed a judge in Canada.
The man identified as Olugbenga Shoyele is a graduate of the Obafemi Awolowo University, Ile-Ife.
His appointment was met with massive celebration on social media as he was hugely congratulated for his feat.
Source: Legit.ng
