Since October 2016, the intelligence network has continuously issued public warnings that the Russian government is actively involved in the US elections. For more than 3 months, the Office of the Director of National Intelligence (ODNI), the Director The FBI and the Treasury Department have publicly demonstrated that Russia is running to influence the 2020 US elections.
What has Trump’s leadership done to hold Russia accountable for these attacks on our democracy?Very little. Among the limited steps the leadership has taken to respond to Russia’s malicious activity, few have imposed significant new sanctions on the Russian government or Russian President Vladimir PutinVladimir Vladimirovich Putin Bendiction for Trump: a crusade without foreign policy adds to Putin’s headaches, the West fears trump’s foreign policy policy policy is hitting the Russian wall MORE
For example, on September 30, 2019, the Treasury announced new sanctions in reaction to Russia’s interference in the 2018 mid-term elections in the US. But it’s not the first time However, instead of targeting Russian officials or the government itself, the sanctions were directed to the Internet Research Agency, a more recently connected personal enterprise, on September 10, 2020, the Treasury issued sanctions against Andrii Derkach, a member of the Ukrainian Parliament and “Russian agent,” for his efforts to influence the United States in 2020. Elections. Once again, management did not directly punish the Russian government or any Russian official. Private companies and Americans that have been “sanctioned” have no known preference for the United States, nor has management presented evidence that they had assets here, making the “sanction” largely meaningless.
Faced with this inaction, the Chairperson of the Financial Services Committee Maxine WatersMaxine Moore WatersKamala Harris and the stereotypes we place about black women DURING THE DEFENSE OVERNIGHT: Overall, the most sensitive negative result for the coronavirus, the Pentagon leader will have to be verified after Trump’s result. Pentagon COVID-19 Reorients Top House Lawmakers Release Pentagon Inquiry to Redirect COVID-19 Budget PLUS (D-Calif. ) And I, and Oversight and Reform Committee Chair Carolyn MaloneyCarolyn Bosher MaloneyCarolyn Bosher Maloney Growing Fears of Voter Suppression in Texas DEFENSE OVERNIGHT: Top General Negative for Coronavirus, Pentagon Leader To Be Reviewed After Trump Outcome l Top House of Commons Lawmakers Release Investigation into Le Pen Redirection from COVID-19 Budget Label Top House Lawmakers Launch Inquiry Into Pentagon Redirection of COVID-19 PLUS Funds, Oversight and Subcommittee on Investigations Chairman Al Green Alexander (Al) N Green The Memo: Trump Fury Stokes Fears of riots The memo: Trump’s career tactics fail Trump’s tenure ended na for 7 Texas checkpoint sites as instances of coronavirus PLUS increase and Vice President of Financial Services Michael San Nicolas, has brought in the SEGUR Act, a law that would prevent the Russian government from accessing US capital markets for activities of long-term government indebtedness until it ceases to intervene in US elections. The SECURE Act largely reflects an amendment to the National Defense Authorization Act for fiscal year 2020, spearheaded by President Waters and I, and passed unanimously in the House.
While these sanctions put great economic pressure on the Russian government, they are also a pressed reaction that ensures that costs do not outweigh the benefits. Among European countries, Russia has maintained a low debt point in recent years relative to GDP and has the fourth largest gold and foreign exchange reserves in the world. However, the Russian economy faced significant tensions due to the pandemic and a drop of more than 75% in oil costs before this year.
As a result of its reaction to the crisis, Russia’s debt to GDP increased from 12. 3% to 19% in the year, and new government borrowing is expected to increase to more than $65 billion by 2020, a 15-year high. about to cut army spending by 5% by 2021. This would be the first time since 2014 that Russia’s defense spending has fallen below the amount spent in state-backed industries.
At the same time, foreign investment in Russian sovereign debt has remained relatively strong during the crisis, with foreign holdings declining by less than 0. 5% in Russian GOVERNMENT OFZ bonds over the more than 12 months. Many have attributed this continued appetite of investors to the Russian government. debt to repeated mistakes across the United States and others to impose significant sanctions on Russia for its electoral interference and other malicious activities around the world.
There is no doubt that the call for investors is also supported through announcements made earlier this year through the credit rating agencies Moody’s and S
Preventing Russia from relying on U. S. investors for new government borrowing activities will probably not cripple the Russian economy, but this will directly put significant economic pressure on the Russian government, likely expanding its borrowing burden through heaps of millions of dollars and potentially requiring additional federal spending cuts and tax increases. It will also further isolate Russia from the foreign economy and make the country’s economy even more directly dependent on the suitability of expanding global oil markets. Moreover, a sovereign debt penalty will ensure that U. S. investors do not fund such foreign efforts to undermine our democracy.
Until we send a transparent message to Vladimir Putin that there will be significant consequences for his government that violate our sovereignty through electoral interference, Russia will not stop. Expelling the Russian government from U. S. money markets is the first and most vital step the United States can take. to achieve this.
Sherman is a member of the House Financial Services Committee.
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