After success on Iran, U.S. Treasury's sanctions team faces new challenges

"I am not sure we're ready for a world where the Russian Federation and People's Republic of China start having their own lists where they're sanctioning people," the former official said. 
Read that as US confusion that the FREE WORLD outside of Neo Nazi Cabal HQ is taking its own role on Sovereign issues now.

A new reality in conducting global business.



Office of Foreign Assets Control (OFAC) Director Adam Szubin and his staff (not pictured) meet at the U.S. Treasury Department in Washington March 26, 2014.

Reuters
By Anna Yukhananov
and Warren Strobel
14 April 2014

This is what the modern American war room looks like: the clocks on the wall show the times in Kabul, Tehran and Bogota. The faces around the conference table are mostly young. There is talk of targets, and of middle-of-the-night calls to Europe.

But the meeting one recent morning convened deep within the Treasury Department, not the Pentagon. The weapons at hand were not drones or cruise missiles, but financial sanctions, aimed with similar precision at U.S. rivals' economic interests.

Before discussing possible next steps against Russia over its annexation of Crimea, Adam Szubin, the slim, boyish-looking director of Treasury's Office of Foreign Assets Control (OFAC), thanked his team for putting in a string of sleepless nights to devise sanctions against senior Russian officials and associates of President Vladimir Putin.

The measures, rolled out in three executive orders signed by President Barack Obama in March, included blocking the Russians and Bank Rossiya, Russia's 17th-largest bank, from access to the U.S. financial system and freezing their U.S. assets.

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