KIEV. April 12. UNN. At a hearing of the Committee on appropriations of the house of representatives of the United States Congress, Steven Mnuchin drew attention to the powerful impact that sanctions had on the financial markets of Russia. It is reported by UNN citing “Voice of America”.
“We will continue to apply provided us the authority in the field of sanctions,” — said the Minister of the Treasury, answering a question of Congressman Harold Rogers regarding further actions of the Ministry in the field of sanctions against Russia.
“We recently imposed sanctions against Russian oligarchs and Russian politicians and I think they had a great influence. Have you seen the impact on the markets. We also imposed sanctions against a significant number of companies related to these oligarchs and we will continue to use these powers in the sphere of sanctions, ” – said Mnuchin.
He warned that: “This (sanctions) is very powerful tool and we should use it carefully and thoughtfully”.
Communicating with the press, Mnuchin also stressed that he supports the conclusions of the Ministry made in January, where it was stipulated against the restrictions on investment in debt obligations of Russia, because such actions may result in instability in global financial markets.
“Congress gave clear instructions to the Ministry on strengthening sanctions against North Korea, as well as within CAATSA and good to see you use these new powers, issuing sanctions against North Korean carriers, the Russian oligarchs and the Iranians, who were stealing intellectual property,” — said Congressman Rogers .
As reported UNN, a new package of sanctions provides for a complete ban on any transactions related to public debt of Russia.