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Sanctions against russia? our current sanctions programs are in place and i would say sanctions are an important tool that we will continue to look at for various different countries but it s a very important program within the treasury department. for russia specifically, sir? the existing policies are in place. mr. secretary? yes. are you contemplating additional sanctions against iran and can you tell us what you think the bottom line will be of these particular sanctions you announced yesterday to and referring to today? at first let me comment again, this is as a result of a very long effort this was under way, this was a long effort, but the implication is quite significant. we expect that there will be frozen tens of millions of dollars, and again, that sanctions are a very important way of us sending a message that we will not stand for illicit activities, drug trafficking or terrorism. including sanctions what ....
As permanent sanctions relief as part of this deal. permanent sanction relief for temporary constraints on the nuclear program. do you agree with that? well it depends. look. if we look at the entire universe of u.s. sanctions on iran, there are at least five different statutes. there are six different sanctions programs. there s probably a dozen or more executive orders that are out there and they re spread across the treasury department and the state department. so if i look at the entire universe of sanctions, the change that we re going to see is a dial down from 11 on a scale of one to 10 to probably eight on a scale from one to 10. whether it s permanent, i m not sure that s the case because we have the snap back. if you look at the entire universe of aid earlier, most u.s. companies that do business overseas will not be able to do anything with iran and most foreign companies given the way the justice department and treasury department enforced the sanctions, most foreign comp ....