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Washington D.C. – House Republican Leader Kevin McCarthy (CA-23) and Reps. Mac Thornberry (TX-13) and Greg Walden (OR-02) wrote a letter to Secretary of State Mike Pompeo urging the Department of State to address geopolitical market manipulation.

In the letter sent today, the Representatives underscored the critical condition the world is in together, and that while millions of people have been laid off and millions more are uncertain about when they will receive a paycheck, Saudi Arabia and Russia are knowingly engaging in activity that is further disturbing the global economy and causing more suffering for citizens worldwide.

It is essential to America’s national security interests that actions like those of Saudi Arabia and Russia be addressed [and that the U.S.] employ appropriate diplomatic pressure to prevent the actions of these foreign nations from inflicting unnecessary damage on economies around the world,” Leader McCarthy, Reps. Thornberry and Walden wrote.  

“The Kingdom of Saudi Arabia and the Russian Federation must understand that now is the time to work together to meet the global COVID-19 crisis head on and that there are consequences for those who choose to be a source of instability in global markets.”

Read the full letter to Secretary Pompeo here