•   
  •   
  •   

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

04:55  05 january  2019
04:55  05 january  2019 Source:   nytimes.com

Putin sends Trump friendly holiday letter after turbulent year of U.S.-Russia relations

Putin sends Trump friendly holiday letter after turbulent year of U.S.-Russia relations The Russian leader said on Sunday that Moscow was ready for dialogue on a "wide-ranging agenda," the Kremlin said in a statement.

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, Democrats said on Friday.

Congress has complicated his choice because the legislation also encompasses new sanctions against Iran and That was a reference to Mr. Putin’ s decision to ban American adoptions of Russian children in response to sanctions To lift existing sanctions related to Ukraine, Mr. Trump would

Congress Is Examining Decision to Lift Sanctions on Russian’s Firms© Mikhail Klimentyev/Pool photo, via Associated Press Oleg V. Deripaska, right, an influential Russian oligarch with close ties to President Vladimir V. Putin, was hit with sanctions last spring.

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, Democrats said on Friday.

The reviews could fuel a congressional effort to block the administration’s decision, which came after an aggressive lobbying and legal campaign against the sanctions by Mr. Deripaska’s corporate empire.

Russia demands explanation over US snub to space chief

Russia demands explanation over US snub to space chief Russia's space agency on Saturday demanded an explanation after NASA put off a planned visit to the United States by Russia's controversial space chief. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Dmitry Rogozin, a firebrand nationalist politician known for his anti-Western rhetoric, was set to visit the US in February but NASA said Friday that it was postponing his visit indefinitely.

International sanctions were imposed during the Ukrainian crisis by a large number of countries against Russia and Crimea following the Russian military intervention in Ukraine

The Treasury Department’ s decision on the firms , owned by Oleg V. Deripaska, came after a Mr. Deripaska and his businesses were hit with sanctions in April over Russian election WASHINGTON — The Trump administration announced on Wednesday that it intends to lift sanctions against the

Senator Chuck Schumer of New York, the Democratic leader, laid the groundwork to block the lifting of the sanctions on Friday, filing a congressional resolution disapproving of the move by the Treasury Department.

Sign Up For the Morning Briefing Newsletter

In a statement accompanying the resolution, Mr. Schumer said that “critical questions” remained unanswered about the agreement to lift the sanctions between the Treasury Department and Mr. Deripaska’s companies, including the aluminum giant Rusal.

If a formal review process — which is being conducted by multiple committees, including the bipartisan staff of the Senate Banking Committee — is unable to resolve those questions to his satisfaction, Mr. Schumer signaled that he would push forward with the resolution.

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 president signed legislation imposing sanctions on Russia and limiting his own authority to lift them, but called some provisions “clearly The Russian government took its retaliatory action before the president signed the bill so that it would be a response to Congress , not to Mr. Trump.

Arizona senator warns president that Senate would reimpose sanctions on Moscow, in statement As anticipation grew in Washington over a possible move to lift sanctions imposed by the Obama If Congress then reimposed the sanctions through legislation, Trump could veto the law but that would

To keep the sanctions in place, the resolution would have to be approved by both chambers of Congress before Jan. 18. That seems unlikely, given that it would require the Senate’s Republican majority to split with the administration. In the absence of congressional action, the sanctions would automatically be lifted from Rusal and the holding company that controls it, EN+, as well as a third Deripaska company.

The sanctions, which were first imposed on Mr. Deripaska and his companies last spring, have created a tricky situation for both the administration and its Democratic critics, who contend that President Trump has been too soft on Russia.

The goal of the sanctions was to punish the Russian government and key supporters for Moscow’s interference in the 2016 presidential election and other hostile acts.

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.

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.

But the new Russian ambassador to the United Nations, Vasily Nebeznya indicated that Moscow would The most controversial section of the bill prohibits the Trump from lifting sanctions on Russia or Moreover, US Congress has now also committed that sanctions will only be applied after the

Senators agreed that the additional sanctions on Russia would also prohibit the president from being able to lift them without Congressional approval. “By codifying existing sanctions and requiring Congressional review of any decision to weaken or lift them, we are ensuring that the United

More recently, he has emerged as a bit player in the special counsel’s investigation into Russian interference in the election and any connection to the Trump campaign.

Congress Is Examining Decision to Lift Sanctions on Russian’s Firms© Ilya Naymushin/Reuters Mr. Deripaska’s companies include the aluminum giant Rusal.

But the sanctions had roiled the global aluminum market, leading even some sanctions advocates to acknowledge unintended negative effects on companies in the United States, Ireland, Sweden, Jamaica, Guinea and elsewhere.

The solution approved by the Treasury Department would lift the sanctions against Mr. Deripaska’s companies in exchange for him reducing his stake in EN+ from approximately 70 percent to less than 45 percent, and giving up control of that company and Rusal.

Mr. Deripaska himself would remain on the sanctions list, the department said, casting the agreement as a way to punish the oligarch by separating him from his companies without creating broader economic problems.

Representative Lloyd Doggett, Democrat of Texas, accused the administration of approving “a Rusal ruse” to “cover for one of Putin’s closest buddies.”

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

The sanctions have had more significant firm -specific impacts. Daniel Ahn and Rodney Ludema Second, there is a reasonable likelihood that Congress will pass additional sanctions on Russia after For example, a Russian decision to cut support for Assad, or to substantially comply with the

The decision to boost sanctions against Russia showed the "extreme aggression" of the US in the Russian officials also slammed the US sanctions , saying they are motivated by "absolutely Trump pressed by Congress on Russia . The countermeasures follow a Thursday vote in the US Senate

Other Democrats contended that the Treasury Department was trying to ram the sanctions-relief decision through before the new Congress had time to stop it, and before the special counsel issued findings that might touch on Mr. Deripaska’s work with Paul Manafort, Mr. Trump’s former campaign chairman and a target of the special counsel investigation.

In a letter sent Friday to Treasury Secretary Steven Mnuchin, Senator Robert Menendez of New Jersey questioned whether Mr. Deripaska’s companies had agreed to the terms. Mr. Menendez, the top Democrat on the Senate Foreign Relations Committee, which is also reviewing the sanctions decision, asked Mr. Mnuchin how the Treasury Department could “ensure that Mr. Deripaska does not retain and exercise informal influence over the decision making and operations of Rusal.”

The department referred questions to a spokesman, whose email said he was “currently out of the office on furlough,” presumably because of the government shutdown.

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

—   Share news in the SOC. Networks

Topical videos:

This is interesting!