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U.S. Russian sanctions architect Shin departs as the Ukrainian war prolongs

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Reuters

Washington — US Joe -President Biden will welcome a new "Shelpa" on his trip to Germany next week. Former BlackRock strategist Mike Pyle will replace former Washington sanctions Dareep Singh.

Shin, who played a key role in the White House in coordinating Western sanctions against Russia over the February invasion of Ukraine, was the chief global economist and macroeconomic researcher with PGIM fixed income this week. I was appointed as the person in charge. A Wall Street asset management company with $ 890 billion in his assets.

National Security Adviser Shin left the White House in April to "address family problems," sources at the time said. He leaves for a temporary leave.

His role lies between economic policy and national security, leading the work of multiple federal agencies that have created the most intensive set of sanctions in history directed at Russia, internationally. Helped coordinate the president's participation in the conference.

Immediately after the first round of sanctions was announced, he was surprised at the incident at Washington's house when he entered the front yard of his house before someone escaped. No relationship was established between the case and Shin's sanctions work.

These sanctions are due to fears that efforts to block Russia's oil and gas from international markets will backfire and drive the Western economy into recession. Depart at an important moment in.

Pile, who joined the Biden administration as Vice President Kamala Harris's chief economic adviser, took on acting-based work and made an important adjustment in the absence of Shin when Biden joined the Seven group, "Sherpa." The rich nations that play the role of "summit in Germany.

He is one of the three Supreme Administrative Officers who previously worked for investment giant BlackRock, Deputy Secretary of Finance Wally Adeyemo and Director of the National Economic Council Brian Deese. It is lined up with.

Progressive groups have sharply criticized Biden for giving Wall Street advisers important financial work.

The White House refused to comment on whether Pile's mission would be permanent.

Pile, who started his career as a Justice Officer for Merrick Garland when the current Attorney General was a judge in the Federal Court of Appeals, is no wonder about global economic issues.

He worked as a special aide to former President Barack Obama for economic policy and played an important role in the Treasury and the Office of Management and Budget.

Obama took office in the midst of the global financial crisis. At the White House, Pile helped manage the administration's response to the financial crisis in the Eurozone, working on Sino-US relations, Obama's groundbreaking health reform legislation, and economic recovery legislation, the biography said. (Report by Andrea Shalal, additional report by Trevor Hunnicutt, edited by Leslie Adler)