losangelesnewstoday.com May 24, 2018

Mnuchin: Report will lead to Russian Federation sanctions

01 February 2018, 12:33 | Katrina Lee

Dmitry Medvedev

Dmitry Medvedev

A Russian businessman who is on the Trump administration's list of Russian politicians and businessmen, released as part of a us law aimed at punishing Russia for meddling in the 2016 USA election, says he will nevertheless advocate for better ties with the West.

The document was drafted in accordance with the law on sanctions signed by US President Donald trump in August, although the inclusion in the list itself does not mean being targeted by sanctions by default.

Treasury Secretary Steven Mnuchin told the Senate Banking Committee on Tuesday that the administration could still impose sanctions.

The public U.S. document noted that inclusion on the list should "in no way be interpreted to impose sanctions" in of itself.

While Treasury emphasized that people on the list are not necessarily subject to US sanctions, the report has been denounced by the Russian government, which says it will further hurt relations with the U.S.

The administration also published a list of Russian oligarchs who could be sanctioned, as required by the law.

Putin for his part sought to turn the tables on Washington, claiming the USA wanted to see opposition leader Navalny elected president.

"'The names of and net worth of oligarchs in the unclassified version of the report were selected based on objective criteria drawn from publicly available sources, ' the official said, speaking on condition of anonymity".

"I know personally numerous business people on this list".

Quiksilver boss lacking at sea as boat washes up
Quiksilver was an Australian company that is now part of California-based Boardriders. Pierre Agnes is CEO of Boardriders, the company that owns Quiksilver .

The Russian leader noted that a presidential children rights' ombudswoman was put on the list even though the US has pushed for resuming the adoption of Russian children by USA parents that Russia banned in 2012.

U.S. Treasury Secretary Steven Mnuchin says the report released by his office will lead to new sanctions against Russian Federation.

Russian Federation is ready to take "serious" reciprocal measures but will refrain from doing so for now, Putin added.

He said the list further complicates US-Russia ties as well as worldwide relations.

So are 96 wealthy Russians deemed "oligarchs" by the Treasury Department, which said each is believed to have assets totaling $1 billion or more.

"Since the enactment of the ... legislation, we estimate that foreign governments have abandoned planned or announced purchases of several billion dollars in Russian defense acquisitions", she said. It triggered a fierce lobbying campaign, with Russia hawks in Congress pushing the administration to include certain names and lobbyists hired by Russian businessmen urging the administration to keep their clients off.

Drafted on the basis of the US legislation six months ago, the "Kremlin report" also has classified annexes, which include individuals with a lower official position or with a net worth below 1 billion dollars, as well as companies with state ownership of at least 25 percent and with 2016 revenues of 2 billion dollars or more. Where were Russia's senior court judges and the head of the election commission?

Putin noted sarcastically that his name isn't on the list, saying of the omission: "It hurts".

Other News

Trending Now

Carles Puigdemont: new bid to arrest Catalan ex-president
As Spain's legal system wrestled over arresting Puigdemont, the ousted leader's name was put forward as a candidate for president. Puigdemont moved to Brussels at end of October with five of his advisors, although two of m returned to Spain.

IKEA furniture store mogul dies at 91
His sons - Peter, Jonas and Mathias - still sit on the boards of various IKEA entities, but the family is no longer at the helm. His decision to live overseas , mainly in Switzerland , to avoid Sweden's high income taxes was also widely criticised.

California Teacher Facing Backlash Over Anti-Military Rant
The Quinonezes were expected to meet with school officials Monday in hope of ensuring the safety of Victor and his siblings. Salcido also happens to be a city council member in this small So Cal community, and now city leaders may take action.

Trump Proposes Citizenship for Undocumented Immigrants
But President Trump's designs for undocumented parents are not the only troubling aspect of this proposal. That could make the plan hard to get past Democrats, no matter how strong they want the Dreamers reform.

Cooperstown Bound: Jim Thome elected into Baseball Hall of Fame
Having covered the steroid era, my personal opinion has always been that their inclusion would be a stain on the Hall of Fame . He finished his 19-season career, all of which he played for the Braves, with a.303 batting average and 468 home runs.

BJP slams Congress over 'unwarranted' seat controversy
Chief Minister Siddaramaiah will also be a member of the committee which includes all top Congress leaders of the state.

AU to inaugurate Buhari as 2018 anti-corruption Champion
So, it is important for President Muhammadu Buhari that he has been chosen as the champion for this theme. African leaders have been called upon to lead in setting good examples in the anti-corruption fight.

Marcus Smart apologizes to Celtics for cutting hand
They still have the best defensive rating in the league, and are continuing to give opposing teams struggles. Curry, Durant and Thompson combine to average 74.0 PPG and shoot 43.3 percent from beyond the arc.

Radio silence after 'very productive' Putin-Netanyahu Moscow talks
The Israeli prime minister said he also spoke with Putin about the "threat of Iran manufacturing precision weapons in Lebanon ". Netanyahu said he and Putin talked about various "scenarios of escalation" in the region, and how they can be dealt with.

Arsenal win, to face Man Metropolis for Carabao Cup
Redknapp, who believes Conte has been "undermined", says he can not envision the 48-year-old remaining in his post beyond the end of the season.