US Says No Need For New Russia Sanctions
- Author: Leroy Wright Jan 30, 2018,
Jan 30, 2018, 21:21
As it released the list, the Treasury Department took pains to note that it is not a sanctions list, devoting a full paragraph to say that inclusion on the list doesn't mean the US has "information about the individual's involvement in malign activities".
"It will be important how Western, European businesses react since they do, in one way or another, work with the companies whose owners are now on this list", Polevoy said.
"Kaspersky Lab disagrees with Yevgeny's inclusion into the list of oligarchs, because this term means having big capital employed to exert political influence".
"The champagne corks will be popping again in Moscow this morning with another major win for (Vladimir) Putin over the DC establishment", said Timothy Ash, senior sovereign strategist for emerging markets at Bluebay Asset Management.
US President Donald Trump (L) chats with Russia's President Vladimir Putin as they attend the APEC Economic Leaders' Meeting, part of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in the central Vietnamese city of Danang on November 11, 2017. It was unclear whether either country had since abandoned those deals to avoid running afoul of the US sanctions.
A Western banker who is now involved in a deal with a person named on the list said it was unclear what inclusion meant.
The Department of Treasury in another document described the process undertaken in order to make the list.
The list names 210 top Russians as part of a sanctions law aimed at punishing Moscow for meddling in the USA election.
Peskov, as a member of the Kremlin administration, is on the list. 114 others, including senior Kremlin and government officials, as well as CEOs of state companies, were also named. Both are often associated with more "liberal" wings of Putin's elite, and seen as at odds with conservative factions.
Monday was the deadline for the State Department and Treasury to comply with two provisions of the Countering America's Adversaries Through Sanctions Act, which President Donald Trump grudgingly signed a year ago. It was drawn up on the basis of a law passed by the US Congress a year ago. That is, it is beneficial for the Americans, Russia strategically, in general, if it chooses the correct path, could benefit from that, because it acquires a lot of skills and knowledge, but it is unbeneficial for Europe, our European partners, our neighbors.
Georgy Alburov, an activist at Navalny's Anticorruption Foundation, posted a tweet in which he expressed glee at news of lawmakers responding to being listed. It's been informally referred to as the "Putin list".
Some warned that, regardless of how much or little effort went into it, the list would have an impact.
Russian Federation has upped its efforts to attract foreign investors since 2014 in an attempt to relieve some of the pressures facing the economy, as sanctions, political uncertainty and a weak ruble have seen investors shying away from the country.