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Tuesday, January 23, 2018

“In the American Ministry of Finance was glad “the sanctions harm” caused by Russia”

His opinion about the effect of Western sanctions on the Russian economy was expressed by the U.S. Treasury Secretary Jake Lew, speaking at a hearing in the appropriations Committee of the house of representatives of the us Congress.

photo: Gennady Cherkasov

According to Liu, the restrictive measures significantly harm .

“The sanctions were designed to target the people standing closest to the decisions and to minimize adverse effects on the rest”, – quotes the words of the head of the U.S. Treasury TASS.

The Minister noted that against Russia there are indirect restrictions, such as a recommendation to banks not to buy Russian Eurobonds: “this is, in fact, was also part of the sanctions policy of the West against the Kremlin.”

“They (the Russian authorities – approx. ed.) is now trying very hard to raise financing through Eurobonds, but it is difficult for them to do it, even though technically it is under sanctions not covered”, – noted with satisfaction Liu.

From the reservation that the exact consequences of restrictive measures still difficult to assess accurately .

“With the rapid fall in oil prices has many factors, damaging the Russian economy. But now she is in a terrible state, and in part this is because of the sanctions… However, the White house gladly have abolished all restrictions against the Russian Federation in case of implementation of the Minsk agreements and changes in policy of the Kremlin”, – said the head of the U.S. Treasury.

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