Stock Groups

U.S. to announce sanctions next week marking Biden’s democracy summit -Breaking


© Reuters. FILE PHOTO. U.S. President Joe Biden talks to reporters following remarks about the November Jobs Report at the White House, Washington, U.S.A, December 3, 2021. REUTERS/Kevin Lamarque

WASHINGTON (Reuters] – To mark the U.S.. Summit for Democracy will target people who commit corruption or serious human rights violations and those who threaten democracy among other things, according to a spokesperson for Treasury Department.

The Treasury refused to give details about those who are facing sanctions. Wall Street Journal reported first about the plans.

A spokesperson for the Treasury stated that proposals will be made by the Treasury to eliminate loopholes that enable corrupt officials to take advantage of the real-estate market, and to repair gaps in corporate transparency networks that allows corruption flourish and allow illicit proceeds to flow into America.

The spokesperson stated that Treasury would take several actions to identify individuals involved in malicious activities that undermine democracy around the globe, including corruption, repression and serious violations of human rights.

This gathering is the test of President Joe Biden’s declaration, which he made in his first foreign-policy address in February that he would bring back America’s global leadership role to fight authoritarian forces like Russia and China, next week.

Right groups are unsure if Biden’s conference will be able to push world leaders, who have been accused of having authoritarian tendencies and others, to actually take action.

The State Department invites 110 people to the virtual event Dec. 9-10. This is a way for citizens around the world to stop democracy backsliding. China and Russia do not appear on this list.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data, or buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.