Tothe consultant will have to help the government avoid major economic shocks that may be caused by the sanctions imposed
“What we don’t want is for someone to just print 460-page academic papers. This will be a much more focused and practical approach to solutions,” said Alex Parets, advisor to the US Deputy Treasury Secretary for Counterterrorism and Financial Intelligence.
According to Bloomberg, the US authorities face criticism that sanctions are too often used as a political tool, that they are difficult to manage and it is almost impossible to cancel them after they come into force. As a result, it becomes more difficult for businesses to obtain licenses, and private companies decide “simplystay away from any jurisdiction where there is a risk of sanctions. And this even applies to a number of cases when US policy “requires certain business participation, for example, for humanitarian or other reasons,” the agency notes. Officials from the US Treasury Department believe that the work of a new specialist will help to remove some of these concerns.
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The United States has repeatedly imposed sanctions against Russia. This year they tightened restrictions in response to Moscow’s recognition of the DPR and LPR and the special operation in Ukraine. Russia considers these sanctions illegal.
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