State TV says Seif and one of his deputies, who was sentenced to eight years in jail, 'provided illegal conditions for the mismanagement of about $160 million and 20 million euros'
Washington on Thursday offered to accept a rate of at least 15% during international negotiations, significantly below its proposed 21% minimum for US multinational firms.
"The possibility of reaching a global and consensus-based solution is now concrete," Italian Economy Minister Daniele Franco said in a statement.
It proposed the global minimum tax as a way to minimize the impact of a higher US tax rate on the competitiveness of American companies and deter them from shifting operations or profits to lower-tax jurisdictions.
The Treasury also said it expects Congress to raise or suspend the US debt limit in a timely manner, and that it may take certain extraordinary measures if Congress does not.
The government expects its cash balance to be around $450 billion at the expiration of the debt limit suspension on July 31.
Demand at a $60 billion sale of two-year notes and a $61 billion sale of five-year notes on Monday was relatively solid, pricing with yields just a fraction higher than where they had traded before the auctions.
The seven-year is in focus, however, after the maturity drew only weak demand at auctions in February and March.
The benchmark 10-year US Treasury note's yield was down 5.2 basis points at 1.4633%. On Thursday it touched 1.614%, the highest in a year, rocking world markets.
Part of Friday's decline could also reflect dealers convincing clients to buy bonds after poor demand for a 7-year note auction on Thursday.
The benchmark 10-year yield was last up 1.8 basis points at 1.1254%.
The fact they are staying flexible and not acting quickly on the idea of 'oh low rates are great, let's borrow while we can' should be a bigger positive for Treasuries over time.
The 10-year Treasury Inflation-Protected Securities' breakeven inflation rate, which briefly slipped below 2% last week, was last at 2.024%, indicating the market expects inflation to average more than 2% a year for the next decade, above the current pace of inflation.
While the Treasury has been boosting the amounts of its debt sales across the maturity curve to pay for previously enacted spending measures to aid the coronavirus-battered economy.
Net cash raised through Treasury securities issuance totaled $4.28 trillion in 2020, according to Securities Industry and Financial Markets Association (SIFMA) data.
In office less than a week, Biden's foreign-policy and trade teams have inherited a series of hardline policies put in place by the administration of former US President Donald Trump.
The department said it imposed the sanctions on the Russian pipe-laying ship "Fortuna" and its owner, KVT-RUS, under the Countering America's Adversaries Through Sanctions Act (CAATSA).