U.S. sanctions an important tool, not to be used 'frivolously': Treasury's LewWASHINGTON (Reuters) - Economic sanctions are a powerful policy weapon but should not be wielded “frivolously,” U.S. Treasury Secretary Jack Lew said in an interview to be aired on Tuesday. Sanctions - blacklisting individuals and organizations, effectively barring them from the global financial system - have become a favored tool for the United States. It has used them against challenges as varied as drug trafficking, cyber attacks and jihadist financing. But the impact has to be weighed as carefully as those of military force, Lew said in an interview with Public Television host Charlie Rose, according to a transcript of the interview released on Tuesday. “We can’t shy away from using sanctions because it will slow down growth, but we can’t do it frivolously either,” Lew said. “It’s a serious step, and it’s something that has to be guarded in order to have it in the future when you need it.” U.S. sanctions have evolved over time from broad embargoes - such as the one imposed for decades on Cuba - to more targeted actions, he said, citing measures imposed on specific Russian industries in response to Russia’s intervention in Ukraine. “They’re targeted at the centers of power, where the decisions are being made,” Lew said. The United States also should reward countries that change their behavior by removing sanctions, Lew said, pointing to measures against Iran that he credited with leading Tehran to agree to curb its nuclear program. Iran reached a deal with the United States and other world powers last July, winning relief from the harshest sanctions in return for limiting its nuclear program, which the West feared was aimed at building a weapon. “When you have an agreement that’s predicated on ‘Change your policy and get relief from the sanctions,’ there has to be relief from the sanctions,” Lew said. “Otherwise, no one will ever respond to a sanctions regime by changing their policy.” Reversing the Iran nuclear deal under a new administration - as Republican presidential candidate and U.S. Senator Ted Cruz has pledged to do - would be “destabilizing and dangerous,” Lew said. A broad economic embargo remains in place against Cuba, although President Barack Obama has used executive authority to allow commerce not specifically banned by Congress, as Washington and Havana move closer toward normal relations. Those improved ties are “going to be a force for change” in Cuba, Lew said. “We weren’t getting it done the old way.” politicsNews
sanctions important tool used treasury lewwashington reuters economic sanctions powerful policy weapon wielded frivolous treasury secretary jack new said interview aired tuesday sanctions blacklisting individuals organizations effectively barring global financial system become favored tool united states it used challenges varied drug trafficking cyber attacks jihadist financing but impact weighed carefully military force new said interview public television host charlie rose according transcript interview released tuesday we shy away using sanctions slow growth frivolous either new said it serious step something guarded order future need sanctions evolved time broad embargo one imposed decades cuba targeted actions said citing measures imposed specific russian industries response russia intervention ukraine they targeted centers power decisions made new said the united states also reward countries change behavior removing sanctions new said pointing measures iran credited leading tehran agree curb nuclear program iran reached deal united states world powers last july winning relief harvest sanctions return limiting nuclear program west feared aimed building weapon when agreement predicated change policy get relief sanctions relief sanctions new said otherwise one ever respond sanctions regime changing reversing iran nuclear deal new administration republican presidential candidate senator ted cruz pledged would stabilizing dangerous new said a broad economic embargo remains place cuba although president barack obama used executive authority allow commerce specifically banned congress washington having move closer toward normal relations those improved ties going force change cuba new said we getting done old politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. sanctions an important tool, not to be used 'frivolously': Treasury's LewWASHINGTON (Reuters) - Economic sanctions are a powerful policy weapon but should not be wielded “frivolously,” U.S. Treasury Secretary Jack Lew said in an interview to be aired on Tuesday. Sanctions - blacklisting individuals and organizations, effectively barring them from the global financial system - have become a favored tool for the United States. It has used them against challenges as varied as drug trafficking, cyber attacks and jihadist financing. But the impact has to be weighed as carefully as those of military force, Lew said in an interview with Public Television host Charlie Rose, according to a transcript of the interview released on Tuesday. “We can’t shy away from using sanctions because it will slow down growth, but we can’t do it frivolously either,” Lew said. “It’s a serious step, and it’s something that has to be guarded in order to have it in the future when you need it.” U.S. sanctions have evolved over time from broad embargoes - such as the one imposed for decades on Cuba - to more targeted actions, he said, citing measures imposed on specific Russian industries in response to Russia’s intervention in Ukraine. “They’re targeted at the centers of power, where the decisions are being made,” Lew said. The United States also should reward countries that change their behavior by removing sanctions, Lew said, pointing to measures against Iran that he credited with leading Tehran to agree to curb its nuclear program. Iran reached a deal with the United States and other world powers last July, winning relief from the harshest sanctions in return for limiting its nuclear program, which the West feared was aimed at building a weapon. “When you have an agreement that’s predicated on ‘Change your policy and get relief from the sanctions,’ there has to be relief from the sanctions,” Lew said. “Otherwise, no one will ever respond to a sanctions regime by changing their policy.” Reversing the Iran nuclear deal under a new administration - as Republican presidential candidate and U.S. Senator Ted Cruz has pledged to do - would be “destabilizing and dangerous,” Lew said. A broad economic embargo remains in place against Cuba, although President Barack Obama has used executive authority to allow commerce not specifically banned by Congress, as Washington and Havana move closer toward normal relations. Those improved ties are “going to be a force for change” in Cuba, Lew said. “We weren’t getting it done the old way.” politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: sanctions important tool used treasury lewwashington reuters economic sanctions powerful policy weapon wielded frivolous treasury secretary jack new said interview aired tuesday sanctions blacklisting individuals organizations effectively barring global financial system become favored tool united states it used challenges varied drug trafficking cyber attacks jihadist financing but impact weighed carefully military force new said interview public television host charlie rose according transcript interview released tuesday we shy away using sanctions slow growth frivolous either new said it serious step something guarded order future need sanctions evolved time broad embargo one imposed decades cuba targeted actions said citing measures imposed specific russian industries response russia intervention ukraine they targeted centers power decisions made new said the united states also reward countries change behavior removing sanctions new said pointing measures iran credited leading tehran agree curb nuclear program iran reached deal united states world powers last july winning relief harvest sanctions return limiting nuclear program west feared aimed building weapon when agreement predicated change policy get relief sanctions relief sanctions new said otherwise one ever respond sanctions regime changing reversing iran nuclear deal new administration republican presidential candidate senator ted cruz pledged would stabilizing dangerous new said a broad economic embargo remains place cuba although president barack obama used executive authority allow commerce specifically banned congress washington having move closer toward normal relations those improved ties going force change cuba new said we getting done old politicsnews