“Russia’s long previewed invasion of Ukraine has begun and so too has our response.” He added, “Today, the president responded swiftly and in lockstep with allies and partners. The speed and coordination were historic… It took weeks and months to mount a decisive response”.
Regarding his Indian ancestry, Singh stated the following in a White House blog. He wrote, “My parents left India for America in the 1970s. I was born in Maryland, spent a few years in Chicago, and settled in North Carolina when I was about seven years old.” He now serves as the deputy National Security Advisor for international economics and the National Economic Council’s deputy director.
Singh graduated from Duke University with a Bachelor of Arts degree in economics and public policy. He then graduated from the Massachusetts Institute of Technology and Harvard Kennedy School with a dual master’s degree in business administration and master of public administration in international economics, respectively. Singh previously served as executive vice president at the Federal Reserve Bank of New York and as Assistant Secretary of the Treasury for Financial Markets during the Obama administration.
While addressing the reporters at the White House, Singh said, “No Russian financial institution is safe if the invasion proceeds.” He added, “We’re fully blocked from the global financial system, the fifth largest Russian financial institution, VEB, is a glorified piggy bank for the Kremlin that holds more than USD 50 billion in assets. We’re also fully blocking Promsvyazbank, this is a bank that holds USD 35 billion in assets that finances the activities of the Russian military”.
