It is expected that Adevale Adeyemo will coordinate the work in this area.
The team of US President-elect Joseph Biden plans to conduct a thorough analysis of the Treasury Department’s activities in the area of sanctions against other countries. This was reported by the Bloomberg agency on Wednesday.
According to its sources, it is expected that coordination of work in this area will be taken over by Adevale Adeyemo, who was nominated by Biden to the post of Deputy Secretary of the Treasury (the agency should be headed by former Chairman of the Federal Reserve Service Janet Yellen). He will work with national security agencies. In particular, the agency’s terrorism and financial intelligence unit will be audited. Bloomberg explained that during the presidency of the current head of state, Donald Trump, many employees of this department quit. The new government will have to solve problems with staff and funding.
In addition, the sanctions programmes themselves will also be reviewed. Many of the restrictions imposed by the Trump administration on companies and people connected with Iran, DPRK, China, Venezuela and Russia were unilateral. According to the agency’s sources, Biden supporters find this approach ambiguous and consider collective sanctions the most effective.
Inclusion in the Ministry of Finance sanctions list means the freezing of assets in the United States and a ban on American citizens or companies doing business with its participants.
General elections were held in the United States on 3 November. According to estimates by leading American media, Biden has secured the support of more than 270 members of the electoral college whose votes he needs to win over Trump. The U.S. General Administration’s Office of General Affairs de facto recognized Biden as President-elect and notified him in writing that it was ready to provide his team with the budget needed to start accepting and handing over cases in the context of the forthcoming inauguration of the next American leader. Trump, who did not admit defeat, essentially ordered the transfer of power to Biden, although he made it clear that he intended to continue litigation in an effort to prove his election victory.