ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » World

Sun, 13 Jan 2019 11:07 - Updated Sun, 13 Jan 2019 11:07

Schumer to force vote on U.S. decision to lift sanctions on Russia 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 Trump administration’s decision to relax sanctions on three Russian companies connected to oligarch Oleg Deripaska.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

“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.

The U.S. Treasury announced on Dec. 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 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.

Sponsored Stories

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(7.78 million pounds) loan from a Russian lender identified as Deripaska.

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.

Tags África  

Read also
  • 03/02/2019 13:21:44

    Inside a raid in Maduro's crackdown on critics in Venezuela slums

    CARACAS- After Venezuelan police officers clad in black military uniforms and masks stopped 27-year-old Yohendry Fernandez at gunpoint in the Caracas slum of Jose Felix Ribas, they asked him if he had a criminal record. He replied yes.

  • 13/01/2019 10:59:25

    U.S. House Democrats eye reported FBI probe of Trump

    WASHINGTON (Reuters) - A U.S. House of Representatives committee will look into a newspaper report that the FBI investigated whether President Donald Trump has been working on behalf of Russia, against U.S. interests, the panel’s Democratic chairman said on Saturday.

  • 13/01/2019 10:40:43

    Iran protests to Poland over Iran-focussed summit

    DUBAI (Reuters) - Iran’s foreign ministry summoned a senior Polish diplomat on Sunday to protest Poland’s jointly hosting a global summit with the United States focussed on the Middle East, particularly Iran, state news agency IRNA reported.