U.S. Treasury Secretary says sanctions are alternative to actual war
U.S. Treasury Secretary Steven Mnuchin on Saturday said U.S. sanctions are substitutes to military conflicts, CNBC reported.
“The reason why we’re using sanctions is because they are an important alternative for world military conflicts. And I believe it’s worked,” CNBC quoted Mnuchin as saying during Doha Forum in Qatar.
Some U.S. lawmakers have questioned the effectiveness of U.S. sanctions and asked whether they are likely to succeed or bring failure to U.S. foreign policy.
The United States has imposed several sanctions, including on dollar trade with Iran, North Korea and many others.
And, Senate Foreign Relations Committee on Wednesday passed a bill that foresees imposing sanctions on Turkey and the country also risks further sanctions under the Countering America’s Adversaries Through Sanctions Act (CAATSA) due to Ankara's acquisition of Russian S-400 air defence systems.
“Let me be clear: we are not weaponizing the U.S. dollar,” Mnuchin said.
Turkey maintains that U.S. sanction bills are motivated by anger within U.S. lawmakers toward Ankara's recent operation in northeast Syria and will achieve nothing but damage to relations between Turkey and the United States.