Treasury deputy: Russia sanctions are degrading its military

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Treasury deputy: Russia sanctions are degrading its military
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American and allied sanctions and export controls are constraining Russia's ability to wage war on Ukraine by degrading its military, a top Treasury Department official says.

President Vladimir Putin speaks in his annual televised New Year's message after a ceremony during a visit to the headquarters of the Southern Military District, at an unknown location in Russia, on Saturday, Dec. 31, 2022. Putin sent Russian forces into Ukraine on Feb. 24, 2022, and appears determined to prevail.

WASHINGTON — American and allied sanctions and export controls are constraining Russia’s ability to wage

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