US releases 'Putin list' of Russians eligible for sanctions

Image
AFP Washington
Last Updated : Jan 30 2018 | 2:25 PM IST
The US Treasury has released a long awaited list of Russian officials and business leaders eligible for sanctions under a law designed to punish Moscow for its alleged meddling in the election that brought Donald Trump to power.
The list published shortly before midnight yesterday features the names of most of the senior members in President Vladimir Putin's administration -- 114 politicians altogether -- and 96 business people the US considers 'oligarchs' close to Putin and worth at least USD 1 billion each.
The seven-page unclassified list, which does not trigger sanctions right away, features Foreign Minister Sergei Lavrov, Prime Minister Dmitry Medvedev and top officials in Russian intelligence agencies.
Also on the list were the chief executives of big state- owned companies such as energy giant Rosneft and Sberbank.
The list was widely expected to infuriate Putin and send shivers through his inner circle and Moscow's moneyed elite, threatening to cut them off from world finance.
Yesterday was the deadline for its release under a law passed last year by Congress over the objections of Trump, whom critics in the US say has been oddly reluctant to criticise Russia or Putin.
Under the same law, the State Department yesterday also declined to punish any US or foreign companies for dealings with Russian arms companies. It argued this was not needed because governments around the world have already nixed billions in contracts with those Russian firms.
US lawmakers passed the law -- called the Countering America's Adversaries Through Sanctions Act -- out of concern that Trump, eager to have warm ties with Putin, might not take tough action to punish Moscow and Russian officials for interfering in US elections and destabilising Ukraine.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 30 2018 | 2:25 PM IST

Next Story