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

06:20  13 january  2019
06:20  13 january  2019 Source:   reuters.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

WASHINGTON (Reuters) - U . S . Senate Democratic Leader Chuck Schumer said on Saturday he will force a vote soon on a resolution to disapprove the 20 that it would lift sanctions imposed in April on the core businesses of Deripaska, including aluminium giant Rusal its parent En+ and power firm

WASHINGTON — Congress is reviewing the Trump administration’ s decision to lift sanctions on companies owned by Oleg V. Deripaska, an influential Russian oligarch Senator Chuck Schumer of New York, the Democratic leader, laid the groundwork to block the lifting of the sanctions on Friday

Schumer to force vote on U.S. decision to lift sanctions on Russia firms© Reuters/JOSHUA ROBERTS Senate Minority Leader Chuck Schumer (D-NY) speaks to the media ahead of a possible partial government shut down in Washington

WASHINGTON (Reuters) - U.S. Senate Democratic Leader Chuck Schumer said on Saturday he will force a vote soon on a resolution to disapprove the Trump administration's decision to relax sanctions on three Russian companies connected to oligarch Oleg Deripaska.

"I have concluded that the Treasury Department's proposal is flawed and fails to sufficiently limit Oleg Deripaska's control and influence of these companies and the Senate should move to block this misguided effort by the Trump Administration and keep these sanctions in place," Schumer said in a news release.

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.

If Schumer decides to file a resolution of disapproval, the effort would face a tough path toward If successful, the resolution would prevent the Treasury Department from lifting sanctions on the A mechanism in the 2017 Russia sanctions package, the Countering America’ s Adversaries Through

According to Ukrainian officials,[a] the sanctions forced Russia to change its approach towards Ukraine and undermined 3.1 Efforts to lift sanctions . 4 Other sanctions on Russia . The EU at the same time clarified that the EU "remains ready to reverse its decisions and reengage with Russia

The U.S. 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.

After lobbying by European governments that followed the imposition of sanctions, Washington postponed enforcement of the sanctions and started talks with Deripaska's team on removing Rusal and En+ from the blacklist if he ceded control of Rusal.

The businessman, who has close ties to the Kremlin, also had ties with Paul Manafort, Trump's former campaign manager, documents have showed.

An FBI agent said in an affidavit attached to a 2017 search warrant unsealed earlier this year that he had reviewed tax returns for a company controlled by Manafort and his wife that showed a $10 million loan from a Russian lender identified as Deripaska.

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.

20 that it would lift sanctions imposed in April on the core businesses of Deripaska, including aluminum giant Rusal (HK:0486), its parent En+ and power Lawmakers could try to pass a resolution of disapproval of the Treasury' s decision , but passage would require the approval of both the

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. In their letter, the committee chairs also asked that implementation of the decision to ease the sanctions be postponed.

On Thursday, U.S. Treasury Secretary Steven Mnuchin insisted that the Trump administration would keep tight control on companies linked to Deripaska, despite the decision to ease restrictions.

Mnuchin said the firms would face consequences including the reimposition of sanctions if they failed to comply with the terms.

Schumer said given Deripaska's potential involvement with Manafort, and since special counsel Robert Mueller's investigation into Trump's ties with Russia has not yet concluded, "It’s all the more reason these sanctions must remain in place."

Passage of the resolution of disapproval of Treasury's decision would require the approval of both the Democratic-majority house and the Senate, led by Trump's fellow Republicans who are unlikely to break with his policy.

(Reporting by Karen Freifeld and Timothy Gardner; Editing by Kim Coghill)

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.

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