Treasury chief: No sanctions relief for Russian oligarch

Photo: MGN Online/United State Department of the Treasury
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WASHINGTON (AP) - Treasury Secretary Steven Mnuchin plans to tell lawmakers in a classified briefing that the Trump administration will keep strict U.S. sanctions on the Russian oligarch Oleg Deripaska.

Democrats asked Mnuchin to brief the House about the U.S. agreement to lift sanctions on three companies that Deripaska has owned or controlled. They said the deal appeared to allow the Russian to keep "significant ownership" of one of the companies.

In a statement released ahead of the briefing Thursday, Mnuchin reiterated that Deripaska remains under sanctions, "his property and interests remain blocked, and any companies he controls are also sanctioned."

Mnuchin said if the companies fail to comply with the terms of the deal, the U.S. could re-impose the sanctions.



 
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