In the United States said that cannot apply to Russia the same sanctions that Iran and North Korea

© AP Photo / J. Scott Applewhite view of the Capitol building in Washington. Archival photoIn the United States said that cannot apply to Russia the same sanctions that Iran and North Korea© AP Photo / J. Scott Applewhite

Us sanctions against Russia aimed at individuals and enterprises, in contrast to the US sanctions against the DPRK or Iran, because the Russian economy is large-scale and well integrated into the international financial system and trade, the message assistant Secretary of the Treasury Marshall Billingsley (Marshall Billingslea).

In testimony before the Subcommittee on financial services and trade United States house Committee Billingsley stated that the Ministry of Finance chooses different approaches for the imposition of sanctions on different countries, in particular Russia, Iran and North Korea.

«Russia differs from other countries subject to US sanctions, a few important things… For example, we can’t resist the aggression of the Russian Federation using the same approach that we apply to North Korea or Iran. Russia has a large economy that is well integrated into the world economy, international financial system and global supply chains. On the contrary, North Korea and Iran are largely or completely isolated from the international financial system for decades,» — said the assistant head of the U.S. Treasury.

He added that taking into account these features of States use the tools of the Ministry, as to exert pressure on Russia, while minimizing the side effects from these sanctions on the U.S., its European allies and the global economy.

As an example, Billingsley leads the situation with sanctions against Russian businessmen Oleg Deripaska and Viktor Vekselberg, and their key assets — RUSAL and EN+ group and Renova Group. Despite the fact that their companies are inextricably linked with the global economy and integrated into supply chain, sanctions against them were entered, according to Billingsley. «As a result of sanctions personal capital Deripaska declined by more than 50%, the value of the shares of EN+ group on the London stock exchange fell… personal capital Vekselberg declined by about $ 3 billion, foreign governments began investigations against falling into the sanctions list of the United States, and his assets frozen in several jurisdictions. In addition, Renova Group was forced to get rid of the companies in Switzerland and Italy», — said the assistant Minister.

Billingsley said that from January 2017, the US administration imposed sanctions against 232 individuals and legal entities operating in key sectors of the Russian economy. In 2014, the Ministry of Finance has imposed blocking sanctions against 14 financial institutions and sectoral sanctions against 124 financial institutions and their major subsidiaries. In particular, in the energy sector under the American sanctions were 20 Russian companies under sectoral sanctions — another 80 companies.In the United States said that cannot apply to Russia the same sanctions that Iran and North Korea© Infografiken sanctions against Russia and retaliatory measures