Date: 5 months ago   Category: Economy

Sechin called sanctions of the USA "treasury wars" — Rambler News Service


Photo: Mikhail Mettsel / TASS of the Sanction of the USA are the instrument of rendering pressure upon the certain states for coercion to change their internal and external politicians in unilateral interests, the head of Rosneft Igor Sechin at the Euroasian economic forum in Verona has said during the speech. "The analysis of the bases of imposition of sanctions allows to draw a conclusion that their application actually is rather an instrument of rendering pressure upon the certain states for coercion to change their internal and external politicians in unilateral interests, than a measure of international legal responsibility concerning economic entities", he said. "In my opinion, it is available not sanctions, and "treasury wars" with intentionally muffled – often ambiguous – formulations. An arbitrariness in their application already became obvious to all. The concept, methods and unproductiveness of such approach for world economy are known for a long time – I can make sending to the book by Juan Zarate "Wars of Treasury: beginning of a new era of financial fight"", - the head of Rosneft has added. Sechin has emphasized that about a third of world reserves and the fifth part of world oil production has already undergone unilateral restrictions. "It is represented that we deal with emergence and development of measures not economic, nonlegal (from the point of view of a contradiction to the principles of international law), cross-border influence to randomly the chosen countries or the companies for the purpose of change of positions in the market in favor of initiators of these measures, weakening of competitors, achievement of changes of political and/or behavioural character and other benefits", - Sechin has noted. According to him, the proof of it is the choice of the branches which have fallen under sanctions – power, metallurgy and military and technical cooperation, the bank sphere. These are primary branches in which Russia and the USA are direct competitors in a number of the key regional markets.

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