U.S. Treasury nominee Janet Yellen promised to review the sanctions imposed by Washington against other countries during the administration of the new President Joe Biden. A broadcast of her speech was published by CNBC on its YouTube channel.
If her appointment is approved, Yellen is going to change the sanctions policy immediately. This will be done in such a way that the restrictions will be used for strategic purposes.
Under U.S. President Donald Trump, Washington imposed a wide range of sanctions on companies and citizens linked to Iran, China, Venezuela, North Korea, and Russia. Often the restrictions have been unilateral.
In mid-January, Biden’s foreign policy adviser Nicholas Burns suggested that his incoming administration suspend sanctions against Nord Stream 2. At the same time, in his opinion, work on the pipeline should also be suspended, which could help to bring Germany and the United States closer together.