This month, the United States applied sanctions against 7 wealthy Russians and 12 companies, as well as 17 senior government officials, as a result of Russian intervention in the elections.
"The sanctions against the close allies of the Russian government have had the necessary effect," Sivan-Menuchin said Thursday in televised comments to Fox Business.
The US sanctions caused losses to the Russian ruble by about 8.3%, as well as losses in stock markets.
Although Menuchin did not rule out further financial sanctions, he said the administration was not afraid to use them, but "we will not give the world exactly what we think."
As for the potential sanctions that the United States representative at the United Nations revealed this week concerning the fine-tuning of Russian companies involved in the use of chemical weapons in Syria, the Treasury Secretary said that they had not been implemented "because we updated the strategy."
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