The U.S. Treasury has recognized the impossibility to apply to Russia of tougher sanctions
US sanctions against Russia can not be different from those which Washington has applied to Iran and the DPRK, the statement of the assistant Secretary of the Treasury Marshall Billingsley for the Subcommittee of the house of representatives of the U.S. Congress on monetary policy.
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“The Russian economy is too large and well-integrated into the global economy, international financial system and global supply chains, he said.— We surgically use the mechanisms of the Exchequer to maximise pressure on Russia, while minimizing accidental side effects on the United States, our European allies and the international economy”.
Mr. Billingsley gives examples of sanctions against the Russian “oligarchs” Oleg Deripaska and Viktor Vekselberg and assets of RUSAL, En+ and “Renova”. From January 2017, the White house imposed sanctions against 232 individuals and legal entities, he said.
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