Politics: Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms - PressFrom - US
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PoliticsTreasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms

00:20  11 january  2019
00:20  11 january  2019 Source:   reuters.com

Congress Is Examining Decision to Lift Sanctions on Russian’s Firms

Congress Is Examining Decision to Lift Sanctions on Russian’s Firms The Trump administration wants to end sanctions on the corporate empire controlled by the oligarch Oleg V. Deripaska, but members of Congress have questions.

WASHINGTON (Reuters) - U . S . Treasury Secretary Steven Mnuchin insisted on Thursday that the Trump administration would keep tight control on Russian companies linked to Russian oligarch Oleg Deripaska, despite last month' s decision to ease restrictions on the firms .

The Treasury Department’ s justification for the sanctions noted that, in addition to Mr. Deripaska’ s connections to the Russian government, he had been Other Democrats contended that the Treasury Department was trying to ram the sanctions -relief decision through before the new Congress had

Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms© Reuters/Ronen Zvulun FILE PHOTO: U.S. Treasury Secretary Mnuchin speaks during his interview with Reuters in Jerusalem

WASHINGTON, Jan 10 (Reuters) - U.S. Treasury Secretary Steven Mnuchin insisted on Thursday that the Trump administration would keep tight control on Russian companies linked to Russian oligarch Oleg Deripaska, despite last month's decision to ease restrictions on the firms.

"Treasury will be vigilant in ensuring that En+ and Rusal meet these commitments. If these companies fail to comply with the terms, they will face very real and swift consequences, including the reimposition of sanctions," Mnuchin said in a statement released before a closed-door briefing for the House of Representatives.

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

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. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

The Treasury Department’ s justification for the sanctions noted that, in addition to Mr. Deripaska’ s connections to the Russian government, he had been accused of having ties to organized crime; committing extortion, racketeering and bribery; and even ordering the killing of a rival businessman.

WASHINGTON — Congress is reviewing the Trump administration’ s decision to lift sanctions on companies owned by Oleg V. Deripaska, an influential Russian oligarch with close ties to President Vladimir V. Putin In a letter sent Friday to Treasury Secretary Steven Mnuchin , Senator Robert

Democrats earlier this week asked Mnuchin to conduct a briefing for the entire chamber on the sanctions decision, one of their first actions since the party took control of the House last week.

The newly appointed Democratic leaders of seven House committees wrote to Mnuchin on Tuesday expressing concerns about the sanctions decision. They cited their committees' responsibilities to conduct oversight of Russia's attempts to interfere in U.S. elections and other "hostile actions."

Mnuchin served as the national finance chairman for President Donald Trump's 2016 campaign. Democrats have made clear they plan to investigate Russia and its possible links to the 2016 presidential election thoroughly now that they control one house of Congress.

Mnuchin Defends Lifting Sanctions on Firms Tied to Putin Ally

Mnuchin Defends Lifting Sanctions on Firms Tied to Putin Ally Treasury Secretary Steven Mnuchin signaled he won’t back down from plans to lift U.S. sanctions on three companies tied to an ally of Russian President Vladimir Putin even as he said the Trump administration would consider delaying the move to accommodate concerns raised by lawmakers. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

US sanctions Russia over cyberattacks. Washington (CNN) A top Democratic senator on Wednesday urged the Trump administration not to lift sanctions on two Russian firms , including the Mnuchin has committed to enforcing the Russia sanctions , but has made a point of saying the

The Treasury Department’ s decision on the firms , owned by Oleg V. Deripaska, came after a sophisticated WASHINGTON — The Trump administration announced on Wednesday that it intends to lift sanctions In a statement justifying the move, Steven Mnuchin , the Treasury secretary, said

Mnuchin had not been a focus of congressional probes.

Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms© Reuters/Sergei Karpukhin FILE PHOTO: Russian aluminium tycoon Deripaska waits before the talks of Russian President Putin with South Korean President Moon in Moscow

In their letter, the committee chairmen and women also asked that implementation of the decision to ease the sanctions be postponed. There was no immediate indication that the administration would do so.

The Treasury announced on Dec. 20 that it would lift sanctions imposed in April on the core businesses of Deripaska, including aluminum giant Rusal, its parent En+ and power firm EuroSibEnergo, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea.

The companies agreed to restructure to reduce Deripaska's stakes and the oligarch remains on the sanctions list.

"One of the goals of sanctions is to change behavior, and the proposed delistings of companies that Deripaska will no longer control show that sanctions can result in positive change," Mnuchin said.

Lawmakers could try to pass a resolution of disapproval of the Treasury's decisions, but its passage would require the approval of both the Democratic-majority House and the Senate, where President Donald Trump's fellow Republicans hold a majority of the seats and are unlikely to break with his policy.

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.

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