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America froze Russian assets in the US hundreds of millions of dollars

Америка заморозила российские активы в США на сотни миллионов долларов

Under the sanctions, Washington has frozen the assets of Russia to the United States for hundreds of millions of dollars. Such data, according to TASS, are given in the text of the opening remarks of the Deputy Secretary of the Treasury Seagal Mandelker prepared for hearings in the Senate of the Congress.

“The actions of [us] Ministry of Finance had broad implications for the financial interests of the affected individuals and legal entities, including the freezing of Russian assets in the hundreds of millions of dollars in the United States”, — quotes Agency the statement of the Deputy Minister.

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At a hearing of the Senate considered the American policy of sanctions against Russia. Mandelker, which oversees the counter-terrorism and financial intelligence, in its report, also noted that Western sanctions and the subsequent geopolitical tensions have increased uncertainty and slowed down domestic and foreign private investment in Russia. “In the energy sector, our sanctions have limited important investments in exploration… projects needed to increase production of oil and gas in Russia. Overall foreign direct investment in Russia fell in 2013 by more than 5%, and a tangible reduction fell on the share of direct investment from the United States, they decreased in 2013 by 80%,” — said in her report.

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Summing up, Mandelker stressed that investment in Russia has also declined over the period, and Russia takes into account these effects.

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