FT learns of EU and US plans to intensify exchange of information on US and EU sanctions

will improve the joint sanctions policy and cooperate in this area, the FT found out. This will make it possible to apply existing measures against RUSSIA more effectively,

Washington and Brussels agreed to more closely coordinate sanctions policy, writes the Financial Times. A public announcement is expected to be made today.

The newspaper refers to a draft statement prepared by the US Treasury . According to the publication, it says that the parties are counting on more effective joint work, since sanctions "are a key tool for achieving common foreign policy goals."

In April, representatives of the Office of Foreign Assets Control of the US Treasury and the European External Action Service met in Brussels, where the interlocutors tried to "harmonize the application of sanctions, promote their implementation, improve enforcement and respond to common foreign policy challenges," the document explains.

As the newspaper notes, the decision to closely coordinate their actions indicates that both the EU and the US believe that the sanctions tool can be actively used in the future. Last year, Washington and London agreed on a decision to strengthen cooperation on sanctions policy , and European officials said they were considering creating their own foreign assets control agency, modeled on the US one.

The US Treasury also acknowledges in the statement that sanctions can cause collateral damage and promises to explore how to ensure that sanctions "do not prevent humanitarian assistance from reaching those in need and that individuals in jurisdictions that are subject to sanctions maintain their internet freedoms." .

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After the start of Russia's special operation in Ukraine, Western countries imposed several series of sanctions against Russia that affected finance, trade, air travel , the supply of goods and raw materials, as well as officials and businessmen whom the EU and the US consider responsible for the conflict. They motivate their actions with the desire to minimize Russia's income , which it can direct to continue hostilities.

The Kremlin has repeatedly stated that anti-Russian sanctions are an irresponsible and useless step, as they harm the global economy and contribute to the deepening of the crisis, while Moscow itself is able to adapt to the restrictions.