The Treasury Department is concerned that imposing new sanctions on Russia could hurt the American economy, Bloomberg reported Friday. In a report given to members of Congress this week, the Treasury reportedly argues that Russia is so entrenched in the global economy that sanctions on "[Russian] debt and derivatives could destabilize financial markets," which would negatively affect the U.S. economy.
The sanctions, which are vehemently opposed by the Russian government, could also "lead to Russian retaliation against U.S. interests," the Treasury warns.
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