The consultant will have to help the government avoid major economic shocks that may be caused by the imposed sanctions media=”(max-width: 320px) and (-webkit-min-device-pixel-ratio: 2), (max-width: 320px) and (min-resolution: 192dpi)” >
The US Department of the Treasury has opened a vacancy for a “sanctions guru”— an economist who will advise the department on the impact of restrictive measures on fiscal and monetary policy, financial markets and other areas, Bloomberg reported.
The consultant will be required to help the country's government avoid major economic shocks, such as the one that faced the global aluminum market in 2018 in connection with the imposition of sanctions against companies associated with Russian businessman Oleg Deripaska.
Among the requirements listed in vacancies,— the presence of higher education (a bachelor's degree is enough) and access to classified information. The salary will be $12.5 thousand, or 761.5 thousand rubles. at the current exchange rate.
A successful interviewee will lead a newly created sanctions economic analysis group at the US Treasury. It was formed after the US administration analyzed economic sanctions and found that they had increased by 933% over the past 20 years.
“What we don't want is for someone to just print 460-page academic papers. It will be a much more focused and practical approach to making decisions,— said Alex Parets, Advisor to the Undersecretary of the Treasury for Counterterrorism and Financial Intelligence.
According to Bloomberg, US authorities are facing criticism that sanctions are too often used as a political tool, that they are difficult to manage and are “virtually impossible to lift” once they go into effect. As a result, it becomes more difficult for businesses to obtain licenses, and private companies decide to “just stay away from any jurisdiction where there is a risk of sanctions.” And this even applies to a number of cases where US policy “requires some business involvement, for example, for humanitarian or other reasons,” the agency notes. Officials from the US Treasury believe that the work of a new specialist will help remove some of these concerns.
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The United States has repeatedly imposed sanctions against Russia. This year they tightened restrictions in response to Moscow's recognition of the DPR and LPR and a special operation in Ukraine. Russia considers these sanctions illegal.
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