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PoliticsHouse committee chiefs press Mnuchin for answers on sanctions relief for Russian oligarch

23:55  08 january  2019
23:55  08 january  2019 Source:   thehill.com

Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms

Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms

Lawmakers Call on Mnuchin to Delay Action Pending Congressional Briefing Washington—The chairs of seven committees in the House of Representatives today are calling on the Trump Administration to explain the easing of sanctions on businesses tied to Russian oligarch Oleg Deripaska.

US slaps new sanctions on Russian oligarchs , government officials. The White House said such targeted sanctions would help to ensure that Russian oligarchs profiting from the Treasury Secretary Steven Mnuchin cited Russia 's occupation in Crimea and its ongoing efforts to supply the

House committee chiefs press Mnuchin for answers on sanctions relief for Russian oligarch© The Hill House committee chiefs press Mnuchin for answers on sanctions relief for Russian oligarch A group of Democrats leading seven powerful House committees are calling on the Trump administration to delay its decision to ease sanctions on businesses linked to a prominent Russian oligarch, while demanding further information about the move.

The seven chairmen requested on Tuesday that Treasury Secretary Steven Mnuchin brief lawmakers about the decision to terminate sanctions against three companies tied to Oleg Deripaska, a billionaire aluminum magnate with close ties to Russian President Vladimir Putin.

Mnuchin meets with Senate GOP to shore up ranks on Russia sanctions vote

Mnuchin meets with Senate GOP to shore up ranks on Russia sanctions vote Treasury Secretary Steven Mnuchin met with Senate Republicans on Tuesday ahead of a key vote on Russia sanctions to prevent GOP defections on a Democratic-sponsored resolution that could embarrass President Trump. Senate Republican Whip John Thune (S.D.) said ahead of Mnuchin's lunchtime briefing that it would factor heavily into GOP colleagues' votes on a resolution disapproving of the Treasury Department's proposals to relax sanctions on a Russian oligarch, Oleg Deripaska, connected to Russian intelligence and organized crime.

The goal of the sanctions was to punish the Russian government and key supporters for Moscow’s interference in the 2016 presidential election and Mr. Menendez, the top Democrat on the Senate Foreign Relations Committee , which is also reviewing the sanctions decision, asked Mr. Mnuchin

While House Democrats are considering their own response, Senate Democrats have taken more concrete steps. On Friday, Minority Leader Chuck If successful, the resolution would prevent the Treasury Department from lifting sanctions on the Deripaska-controlled companies EN+, Rusal, and

The lawmakers argued in a letter to the Treasury chief that they have not been given sufficient time to review the sanctions decision before the government shutdown began. They asked for Mnuchin to fulfill this request by Friday.

"The notification to Congress was delivered just prior to an adjournment for an extended recess and during which time a government shutdown ensued, which makes it difficult to complete our review of this matter within the 30-day period provided in CAATSA," the lawmakers wrote, referring to bipartisan legislation passed last year authorizing new sanctions on Russia.

In rebuke to Trump administration, more than 130 Republicans break ranks to oppose Treasury plan to lift sanctions against Putin ally

In rebuke to Trump administration, more than 130 Republicans break ranks to oppose Treasury plan to lift sanctions against Putin ally Republicans joined House Democrats in opposing a Treasury plan to lift Russian sanctions against companies controlled by a Vladimir Putin ally. The 362-to-53 vote registers formal House disapproval of plans to relax sanctions against companies controlled by Russian oligarch Oleg Deripaska, and comes despite last-minute appeals by Treasury Secretary Steven Mnuchin. A similar measure narrowly failed in the Senate this week, despite 11 Republicans breaking ranks to vote with Democrats. Treasury said it intends to lift sanctions the U.S.

Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the OFAC imposed sectoral sanctions on Surgutneftegaz pursuant to Directive 4 issued under E.O Alexey Miller is the Chairman of the Management Committee and Deputy Chairman of the Board of

The Trump administration, carrying out sanctions pressed by Congress for election interference “The Russian government operates for the disproportionate benefit of oligarchs and government “ Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the

"We request that you be available for a meeting with all interested Members, in an appropriate setting to allow for a full discussion of all aspects of the agreement, the sanctions termination and the impact these decisions would have on the U.S. effort to end Russia's malign activities aimed at our country," they continued, describing Deripaska as "a Russian oligarch who has abetted the Putin Regime's malign activity against the United States."

The lawmakers scrutinized Deripaska's current business ties connected to these three companies - Rusal, EN+ and EuroSibEnergo. While Deripaska has reduced his ownership stake in each of the companies to below 50 percent, the Democratic lawmakers expressed concerns about his stake in the company, pointing out that he keeps "intact significant ownership of EN+."

They argued that they must have these questions resolved "in order to fully assess whether the U.S. agreement and the sanctions terminations are justified."

House Democrats asking questions about Treasury Secretary Steven Mnuchin

House Democrats asking questions about Treasury Secretary Steven Mnuchin Mnuchin will give the House a classified briefing Thursday, after a request from the Democratic chairs of the main House investigative panels.

Ron Wyden (D-Ore.) publicly pressed Mnuchin to declassify elements of the oligarchs list, noting that the Treasury Department has acknowledged using a Democrats’ pivot to Russia sanctions on Tuesday came as bipartisan talks continue without significant progress on a deal that can help young

MOSCOW — The Trump administration on Friday announced new sanctions against a list of Russian business tycoons, government officials and corporations, part of the continuing political and economic fallout from the nerve agent attack on a former Russian spy and his daughter in England last month.

The lawmakers who signed onto the letter include Reps. Richard Neal (D-Mass.) who chairs the House Ways and Means Committee, Maxine Waters (D-Calif.) who chairs the Financial Service Committee, Eliot Engel (D-N.Y.) who chairs the Foreign Affairs Committee, Adam Schiff (D-Calif.) who chairs the House Intelligence Committee, Elijah Cummings (D-Md.) who chairs the Oversight and Reform Committee, Jerrold Nadler (D-N.Y.) who chairs the Judiciary Committee, and Bennie Thompson (D-Miss.) who chairs the Homeland Security Committees.

The administration announced the plan to ease up sanctions on Deripaska's businesses in December, after they had been imposed in April under CAATSA, a law that was passed by Congress to punish Russia for interfering in the 2016 presidential election. The decision came three days before the government entered a partial shutdown on Dec. 22.

Under the administration's current plan to ease sanctions on the businesses, Deripaska will remain sanctioned and his property blocked.

"Treasury sanctioned these companies because of their ownership and control by sanctioned Russian oligarch Oleg Deripaska, not for the conduct of the companies themselves," Treasury Secretary Steven Mnuchin said in a statement at the time.

"These companies have committed to significantly diminish Deripaska's ownership and sever his control. The companies will be subject to ongoing compliance and will face severe consequences if they fail to comply," he continued.

Schumer to force vote on U.S. decision to lift sanctions on Russia firms.
Schumer to force vote on U.S. decision to lift sanctions on Russia firms

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