US sanctions against Russia hit West, and US knows it

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Sanctions against Russia imposed by the US hit the West and the western companies, Treasury Undersecretary David Cohen said, ahead of the third round of discusiions of the possible new sanctions against Russia.

Cohen acknowledged Wednesday that sanctions are also inflicting pain on companies in the United States and Europe.

Cohen also said that the US is aware that the sanction hit Europe, and that the European countries are more exposed to Russia’s economic slowdown, caused by the sanctions.

On Wednesday, ambassadors of the EU states met to discuss additional sanctions against Russia, but failed to come to an agreement as they fear this move could hurt European business.

In addition, the US acknowledges that any additional sanctions against Russia help the country’s economy to recover. This statement was made by US Senator from South Carolina on Monday.

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