U.S. imposes new sanctions on Russian oligarchs, government officials

07 April, 2018, 00:45 | Author: Diane Mills
  • В России создадут Правила космического движения

Senior officials in Donald Trump's administration announced the sanctions as part of an ongoing effort by the United States to push back against Mr Putin's government.

US President Donald Trump makes his way across the South Lawn upon returning to the White House on April 5, 2018 in Washington, DC.

The sanctions could potentially hurt the Russian economy, especially the financial and energy sectors, and are part of Washington's effort to hold Russia to account for allegedly interfering in the election, which Moscow denies. Yet in recent weeks Trump's administration has rolled out a series of actions - including several economic and diplomatic steps - to increase pressure on Putin and those presumed to benefit from his power.

Trump's outgoing national security H.R. McMaster used his final public remarks before retiring Tuesday to publicly call for a tougher line on Russian Federation. For example, the targeting of Russia's lucrative state arms exporter, Rosoboroneksport, could complicate its ability to sell weapons to clients such as the Syrian government.

Numerous targets listed are individuals and businesses associated with Russia's energy sector, including those affiliated with state-owned Gazprom.

Seven Russian tycoons, including aluminum magnate Oleg Deripaska, were targeted, along with 17 officials and a dozen Russian companies, the Treasury Department said.

The target list includes some who are closely tied to Putin himself, including top-tier officials involved in Kremlin decision-making and heads of the top state-controlled business entities.

Kirill Shamalov married Putin's daughter Katerina Tikhonova in February 2013 "and his fortunes drastically improved following the marriage" that have helped to build his personal welath into the billions.

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Igor Rotenberg, the son of Arkady Rotenberg, a friend of Mr Putin's since they were teenagers. Both Miller and Kostin are longtime key members of Putin's team.

In January, the U.S. identified more than 200 wealthy Russians, top officials and business leaders in response to a sanctions law passed by Congress last summer to punish Russia for interfering in USA elections.

U.S. Special Counsel Robert Mueller is investigating whether Trump's election campaign colluded with Russian Federation, something that Trump denies.

Deripaska has been investigated for money laundering, and has been accused of threatening the lives of business rivals, illegally wiretapping a government official, and taking part in extortion and racketeering, the US Treasury said.

Deripaska resigned as president of EN+ in February after he was one of dozens of billionaires placed on a USA government list of Russian oligarchs in January.

Assets of all 24 people from Russian Federation and 15 various organizations that fall under the US sanctions and fall under the US jurisdiction are blocked, US entities are banned from dealing with them, according to the US Treasury Department. The administration said it would offer guidance to Americans who may now have business with them about how to avoid running afoul of the sanctions. 13662, authorities codified by the Countering America's Adversaries Through Sanctions Act (CAATSA), as well as E.O. The sanctions are imposed under the authority of the law Congress passed in August of previous year, the Countering America's Adversaries Through Sanctions Act. The law also authorises the president to impose sanctions on Iran for destabilising activity in the Middle East and on North Korea for its nuclear and ballistic missile programmes.

Douglas Jacobson, an attorney with Jacobson Burton Kelley firm in Washington, D.C., said that while the sanctions prohibit US banks from helping the companies targeted on Friday raise capital, most other global Western banks also are likely to also follow suit.

Later that month, the USA also announced that it would expel 60 Russian diplomats identified as intelligence operatives and close a Russian consulate in Washington state as part of a global response to a nerve agent attack against a former Russian spy in the United Kingdom.

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