U.S. Treasury Report says expanding sanctions could hurt Russia: However Trump is afraid to ruffle their feathers!
Seemingly the United States Department of Treasury has worked on a report that explains the possible impact of the sanctions that the Congress would have put on the Russian Federation. Instead, this will not happen, because the President Donald J. Trump and Secretary of State Rex Tillerson. They are afraid of rocking the boat and actually do anything about it. Like they have traded their soul for loyalty to Kremlin, instead of working for the American government. It is seemingly so, since they have not been able to follow the Congress attitude and neither with the general opinion of the people of the United States. Who has loyalty to the republic and not the Russian Federation.
“(U) The modifications to Directive 1 made on September 29, 2017 were required Ьу Section 223(Ь) of CAATSA, and as required Ьу that section, took effect on September 29, 2017, the authorized tenor for new debt issued on or after November 28, 2017 is 14 days or less. U.S. persons are therefore prohibited fоr dealing in new debt issued bу, on behalf of, or for the benefit of persons operating in Russia’s financial sector named under Directive 1, their property, or their interests in property if the debt’s maturity period exceeds 14 days. Other tenors apply to debt issued between July 16, 2014 and November 28, 2017. Directive 1 also includes а prohibition on dealing in new equity issued Ьу, on behalf of, or for the benefit of persons operating in Russia’s financial sector named under Directive 1, their property, or their interests in property. This report does not further address the equity prohibitions of Section 242 of CAATSA” (Department of the Treasury, 2018).
“Expanding Directive 1 to include dealings in new Russian sovereign debt and the full range of related derivatives would likely raise borrowing costs for Russia; prompt Russian authorities to alter their fiscal and monetary strategies; put downward pressure on Russian economic growth; destabilize financial markets, including Russia’s repurchase market, which is critical for overnight bank funding; increase strain on Russia’s banking sector; and lead to Russian retaliation against U.S. interests” (Department of the Treasury, 2018).
Seemingly after this, the US Senate and House wanted the Russian Federation to feel more effect of the sanctions. The reasons for why you have sanctions in the first place, to hurt the ones sanctioned. If not the sanctions are not working and not stopping the sanctioned individual or company, even nations so they have to change behavior. However, at this stage the United States seems more on the defense. Than actually thinking of hurting the Federation who acted with swift activity in their election.
The United States should act and use tactics that hurt Russia. Especially, since they have used all sort of ploy to manipulate the electorate and elections towards a candidate of their choosing. If that isn’t interfering and insulting to the US. Then nothing is, the US should act upon it and use more sanctions to add more leverage. So that Russian Federation actually acts differently.
It is strange that the United States doesn’t want to use their tools and their tricks to hurt Russia. Especially after what they did in 2016 and what sort of knowledge they do have on the Russian interference. That was the reason why President Barrack Obama in the first place put new sanctions on Russia. Now, President Trump won’t do it and cannot stomach to pursuit the wishes of Congress and actually sanction Russia. That is weird, especially if United States wants leverage over Russian counterparts. That would seem natural. Especially if Trump is the deal-maker he talked about during campaigns, but not shown since.
However, it seems with day after day, that Russians has Trump cornered, since he will never blame or act upon Russia. He will attack anyone else, but not look into what the Russians did with elections. There is to many questions, but if the Americans had a possibility to make a difference and hurt Kremlin. The added sanctions would. Trump seems like indifference and its rare. Peace.
Department of the Treasury – ‘(U//FOUO) U.S. Treasury Report on Economic Impact of Russian Sanctions)’ (2018)