Economics
Mnuchin Says U.S. Won't Target Russian Debt With Sanctions
- Treasury report said move would cause global financial turmoil
- Treasury secretary testified before House panel on Tuesday
Steven Mnuchin
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Treasury Secretary Steven Mnuchin said the U.S. isn’t pursuing sanctions against Russian government debt after issuing a report that concluded such a move would risk widespread financial turmoil.
“We’re targeting specific sanctions to bad individuals and companies as opposed to sanctions on debt,” Mnuchin said Tuesday during a hearing of the House Financial Services Committee.