Donald Trump’s Treasury pick says unwinding tax cuts would spark ‘economic calamity’

Wally Adeyemodeputy Secretary of the Treasury

Today's actions frustrate the Kremlin's ability to circumvent our sanctions and get access to the goods they need to build weapons for their war of choice in Ukraine."

Deputy Secretary of the Treasury Wally Adeyemo said in a news release on Wednesday

Matthew Miller (spokesperson)state Department spokesperson

We thought it was appropriate to move up our sanctions regime under this new authority to ensure that Congress has full visibility both on our sanctions and any contemplated—any contemplation of removing them."

Matthew Miller, a spokesperson for the State Department, said at a briefing on January 15

Dmitry Peskovkremlin spokesman

It would be unusual if the future U.S. treasury secretary did not back his president's decision. Such a scenario is unlikely. If he were to oppose it, he would likely resign,

Peskov said at a news briefing

Matthew Miller (spokesperson)state Department spokesperson

So if you look at the combined regime that we have put into place – sanctions and export controls – we determined that that would have more of an impact than a state sponsor of terrorism designation,

Miller said

I think it is only natural that before we decide on the rollover for another six months, we ask the incoming U.S. administration how they see the future of the sanctions regime,

Janos Boka told reporters in Brussels

With today’s sanctions, we are ratcheting up the sanctions risk associated with Russia’s oil trade, including shipping and financial facilitation on support of Russia’s oil exports,

she said