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Topic - David S. Cohen
A top Treasury Department official said Wednesday that the Obama administration is poised to harden economic sanctions against Russia if the government of President Vladimir Putin continues its aggression in Eastern Europe.
A top Treasury official said Tuesday that sanctions pressure on Iran will actually "continue to mount" over the coming months under a new nuclear agreement negotiated by the Obama administration and other world powers, despite Secretary of State John F. Kerry's assertion that the U.S. "will suspend certain sanctions."
Democrats appeared eager Wednesday to poke holes in the seriousness of President Obama's vow to deter Iran from developing a nuclear warhead, raising tough questions about whether the White House is squeezing hard enough on sanctions against the Islamic Republic's economy.
At the same time, he told the group, U.S. officials are "minimizing to the extent possible the spillover on other economies, including those here in Europe."
"We are moving in a strong and systematic way to maximize the cost on Russia," Mr. Cohen said during a discussion with reporters in Paris last week.