Tothe consultant will have to help the government avoid major economic shocks that may be caused by the sanctions imposed The US Treasury Department has opened a vacancy for a sanctions guru, an economist who will advise the department on the impact of restrictive measures on fiscal and monetary policy, financial markets and other areas, Bloomberg reported. The consultant will have to help the government of the country avoid major economic shocks, such as the one faced by the global aluminum market in 2018 in connection with the imposition of sanctions against companies associated with Russian businessman Oleg Deripaska. Among the requirements specified in the vacancy are the availability of higher education (bachelor’s degree is sufficient) and access to classified information. The salary will be $ 12.5 thousand, or 761.5 thousand rubles at the current exchange rate. The candidate who successfully passes the interview will head the group of economic analysis of sanctions, recently created in the US Treasury. It was formed after the US presidential administration analyzed economic sanctions and found out that over the past 20 years their number has increased by 933%.
“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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