Janet Yellen, the candidate for the post of the head of the US Treasury, has promised to review the sanctions imposed by Washington against other countries during the administration of the new President Joe Biden. The broadcast of her speech was published by CNBC on its YouTube.
If her appointment is approved, Yellen is going to immediately change the sanctions policy. This will be done in such a way that the restrictions are used for strategic purposes.
Under US President Donald Trump, Washington has imposed a wide range of sanctions against companies and citizens associated with Iran, China, Venezuela, North Korea and Russia. The restrictions were often one-sided.
In mid-January, Biden's foreign policy adviser Nicholas Burns proposed to his future administration to suspend sanctions against Nord Stream 2. At the same time, in his opinion, it is necessary to suspend the work on laying the pipeline, which may contribute to the rapprochement of Germany and the United States.