United States has more tools to put pressure on Russia if needed, says US secretary of treasury

11:15, 27.01.2015 1 min read

The United States has more tools to put pressure on Russia if needed, U.S. Secretary of Treasury Jacob J. Lew said in Brussels.

"We have more tools," Bloomberg agency reported, citing Lew.

"It’s clear we see the sanctions are working in terms of [the Russian] economy," Valdis Dombrovskis, the European Commission’s vice president for the euro at the joint press conference with Lew.

"Our goal here is to have a diplomatic resolution where Russia lives by the Minsk accords which it was a party to, and we see the ability to reduce sanctions," Lew said. "We have to be prepared to do more if Russia does not take that path."

He said the sanctions are having "maximum impact on Russia with much less impact spilling over into other parts of the world."