The Sanctions Economics Review Group examines the collateral damage of sanctions before and after they are imposed to see if they need to be adjusted.
The US Treasury will assess the direct and unintended consequences of sanctions against the Russian Federation. Bloomberg reported this.
The Sanctions Economics Review Group examines the collateral damage of sanctions before and after they are imposed to see if they need to be adjusted.
It was noted that the United States significantly expanded the application of sanctions after the September 11 attacks, and that Russia’s invasion of Ukraine in early 2022 triggered a massive campaign of financial sanctions, while the The United States and its allies sought to limit President Vladimir’s powers. Putin to fund the war.
Experts argue that sanctions are abused, difficult to administer and almost impossible to remove once they are introduced. A recent report by the Center for Economic and Political Research focused on population wastage due to sanctions and found that sanctions significantly worsen living conditions in targeted countries.
The Treasury Department is committed to evaluating the impact of sanctions on its objectives, as well as its impact on partners and allies, said Brian Nelson, Undersecretary of the Treasury for Counterterrorism and Financial Intelligence.
Notably, the coordinator of the White House National Security Council, John Kirby, said that the participants in the G7 leaders’ summit, which will be held this week in Japan, will take concrete steps to increase Russia’s isolation.
As reported, representatives of EU member states, who will meet on May 12 on the 11th package of sanctions against Russia, could not make a decision.
Source: korrespondent
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