A new position is being created to advise the Biden administration on how to avoid damage from sanctions.

Bloomberg reported Thursday that the U.S. Treasury Department is seeking to hire an expert to advise on how to avoid sanctions that Washington has imposed on countries around the world in recent years. Is.

According to the news agency, the chosen candidate will head the Sanctions Economic Analysis Unit and offer expertise to the Biden administration on the impact of such sanctions on the US economy, financial markets and other related sectors.

The position, which offers a salary of up to $176,300 per year, also requires a top-secret security clearance.

The urgency to take on such a role has grown as the sanctions framework Washington relies on has grown more complex in recent years. Difficulties have been compounded by White House sanctions on Russia over the Ukraine conflict, which the administrationHeadache“says the report.

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According to the outlet, one of the specialist’s main tasks will be “To avoid major economic shocks“It’s similar to what rattled global markets when the US imposed sanctions on companies linked to Russian billionaire Oleg Deripaska, including aluminum giant Russell. The Trump administration lifted sanctions on the firm in early 2019. were given

Alex Pearts, adviser to the undersecretary for terrorism and financial intelligence, told Bloomberg that the Biden administration is looking to hire someone who has some theoretical training but is more focused on practical solutions.

What we don’t want is someone just churning out 460-page academic papers.” he stressed.

The requirements for this position include either a degree in economics or a combination of appropriate academic profile and relevant market experience.

Since Moscow launched its military campaign in Ukraine in late February, the United States, along with its allies, have significantly increased sanctions against Russia. The new sanctions include sanctions on Russia’s major banks and businesses, a ban on all new investment in the country and a block on Moscow’s debt repayments. The majority of Russia’s gold and foreign exchange reserves were also frozen.

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