finance
Treasury Secretary Says Some U.S. Sanctions Designations Are Outdated
U.S. Treasury Secretary Bessent stated that certain sanctions designations have become obsolete and may produce unintended consequences. The remarks highlight an internal review of existing measures.
May 19, 9:21 AM·1m read2 sources
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U.S. Treasury Secretary Bessent said some sanctions designations are obsolete and outdated. The secretary added that the measures may cause unintended consequences.
Bessent made the comments while discussing the current sanctions framework. The remarks focused on designations that no longer align with present policy goals. Officials have begun examining which listings could be adjusted or removed.
The review aims to reduce unnecessary restrictions on legitimate activity. No specific designations were identified in the statement. Further details on any changes are expected in coming weeks.
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