The head of the U.S. Treasury recognized the harm of punishment against Russia to the EU economy

U.S. authorities consider the need to mitigate the punishment against Russia, to minimize the pressure on the European economy, said Minister of Finance USA Jacob Lew.
"the punishment is working in the sense that they had a great influence on the Russian economy. The Russian economy is not in the best position. Not completely because of falling oil prices, not completely due to the fact that punishment has weakened the core of the Russian economy, " Lew said in an interview CNBS. Lew added that " the President of the Russian Federation centuries Putin must work With the international community, if he wants punishment softened "." We would have preferred to weaken the punishment, because it would be better for Europe's economy and stability, " he said. Before the first day of the week the head of the foreign Ministry of the 28 countries of the European Union approved the expansion of the black list for residents of Russia and of the militia of the South-East of Ukraine. January 29, Ministers of foreign Affairs of the member countries of the European Union decided to extend until September of individual sanctions against the country, as well as militias in the Donbass. In September, the EU and the US on the background of the progress of the Minsk agreements between Kiev and militias Donbass about stopping the fire entered against Russia penalties against financial, oil and defense industries. From 7 August 2014 Russia in response to the input of penalties from a number of European countries have introduced a complete ban on the export of beef, pork, fruits, poultry, cheese and milk from the EU, USA, Australia, Canada and Norway, which introduced sanctions against Russia. The Rosselkhoznadzor said that exporters from the EU, losing access to the market of the Russian Federation, have the possibility to recover it once the restrictive measures will be removed.


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sections: Politics