Treasury poised to ease sanctions tied to Russian oligarch
18 Jan 2019

AP — The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies.

Treasury’s decision to ease the sanctions narrowly survived a Senate vote Wednesday when Democrats failed to win the 60 votes needed to block it. Still, 11 Republicans joined with the Democrats as some voiced concerns that lifting the financial penalties would send the wrong message to Russia.

On Thursday in the House, 136 Republicans joined Democrats to disapprove of the Treasury deal.

The vote was only symbolic, given the outcome in the Senate, but it sent a strong message to President Donald Trump and Treasury Secretary Steven Mnuchin, who had traveled twice to Capitol Hill to explain his department’s decision.

Link to AP.

Count reading this article to your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Treasury poised to ease sanctions tied to Russian oligarch”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.