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U.S. Treasury is working on sanctions related to the Kremlin report, - Mnuchin

The Secretary considers sanctions an effective tool to be applied.
13:02, 7 February 2018

EPA / UPG

The Head of the U.S. Treasury is preparing sanctions in relation to Russia, which would be linked to the Kremlin report published in late January, Bloomberg reports.

Related: U.S. to impose more sanctions against Russia, based on ‘Kremlin report’, - Mnuchin

“Following this report, sanctions will be introduced”, - he said answering the question from the Democrat representative Maxine Waters.

At the same time, the secretary confirmed that sanctions will not apply to the Russian government’s debt.

Related: U.S. Treasury warns about possible negative consequences of sanctioning Russian sovereign debt

In general, Mnuchin considers restrictive measures to be a very effective tool and is going to continue to apply them.

Related: ExxonMobil challenges US Treasury Department decision on fine for violation of sanctions

At the end of January the U.S. Treasury published the Kremlin report, which included 210 individuals, particularly, the highest-ranking Russian officials, large businessmen, and CEOs of state-owned corporations. The publication of the Kremlin report enforced the Countering America’s Adversaries Through Sanctions Act, which was adopted at the beginning of August 2017.

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