US Treasury officials gather in major European cities to discuss ways Russia circumvents sanctions.

US authorities have revealed to governments and banking institutions in Europe how Russia evades sanctions.

In an effort to put a stop to Russia's efforts to circumvent Western sanctions, Treasury chiefs met with bankers, government officials, and business leaders.

Under secretary Brian Nelson pleaded with allies to be on the lookout for "red flags" such significant cash payments, routing payments through third countries that were not involved to the transaction, and numerous tenders or shipments of the same goods from various suppliers for the same end customer.

The Treasury stated in a statement that Nelson, undersecretary for terrorism and financial intelligence, gave briefings over the last week in Switzerland, Austria, Germany, and Italy to encourage more effective enforcement of sanctions imposed in response to Russia's invasion of Ukraine.

According to the Treasury, Nelson provided information on some of the most important military goods that Russia is attempting to purchase, such as optical devices, electronics, and manufacturing equipment.

Other red flags, according to the government, include rerouting goods to nations with few or no limitations on re-exports to Russia or frequent or last-minute changes of end-users or payees.

The Treasury Department said that Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes, will visit Kazakhstan and Uzbekistan in the upcoming week in order to bolster efforts to fight money laundering and the financing of terrorists and the enforcement of sanctions.

By fLEXI tEAM