The US Treasury Department has reaffirmed its commitment to further global pressure on key cogs in Russia’s military industry. The United States would impose new sanctions every time the Russian economy feels comfortable with the previous restrictions, US Treasury Deputy Secretary Wally Adeyemo told a Senate hearing.
The US-led global sanctions coalition seeks to choke off Russia’s access to key inputs for its military-industrial complex, thereby weakening it. According to Adeyemo, Washington intends to hit the country with fresh sanctions to "throw sand in the gears" of the Russian military as it adapts to the previous punitive measures.
Thus, the deputy secretary of the Treasury Department called on the US and its allies to introduce more economic penalties to hobble Russia's arms production.
Notably, the Western countries ramped up anti-Russian sanctions after Moscow launched a special military operation in Ukraine. However, the economic restrictions caused pain not only for Russia but also for Europe and the United States, as gasoline and food prices skyrocketed in their territories. At the same time, Russian President Vladimir Putin repeatedly claimed that the Russian economy would successfully cope with sanctions pressure, adding that such a hostile policy pursued by the West could deal a crushing blow to the global economy. "In effect, these steps are aimed at worsening the lives of millions of people," Putin said.
