Breaking News

White House Imposes New Sanctions on Russian Elite
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Summary: The United States imposed new economic sanctions on Russian elites starting Friday.

After several instances of reported bad behavior from Moscow, the White House has issued new sanctions on Russian elites. According to the Washington Post, “The United States imposed new economic sanctions on senior Russian politicians, companies and business leaders Friday, citing a list of complaints including Moscow’s attempts to undermine Western democracies, support of separatists in Ukraine and its backing for Syrian President Bashar al-Assad.”

  
What
Where


The sanctions will target 17 government officials, a state-owned weapons company, 7 oligarchs, and 12 companies affiliated with the oligarchs. These people and entities have close relationships with recently re-elected president Vladimir Putin, who was notably not sanctioned. When the Washington Post pressed government officials on why Putin escaped punishment, they did not provide a detailed answer.

“The Russian government operates for the disproportionate benefit of oligarchs and government elites,” Treasury Secretary Steven T. Mnuchin told the Washington Post. “Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilizing activities.”

The list of targets includes Igor Rotenberg and Kirill Shamlov who are key figures in Russia’s energy industry; the weapons trading company Rosoboronexport; and aluminum magnate Oleg Deripaska.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




White House officials said that these sanctions were not meant to harm Russian citizens but instead were meant to cripple Russian elites, some of which have indirect ties to President Donald Trump. For instance, Deripaska is a billionaire with a close relationship to Trump’s former campaign manager, Paul Manafort, who has been indicted by special counsel Robert Mueller.

Mueller was hired to investigate Russia’s role in the 2016 US Presidential Election, and so far, he has indicted five members of Trump’s inner circle. Four of which have pled guilty to charges and are cooperating with the pending probe.



“I think it’s important to see in today’s action, a message. And that message is that actions have consequences,” an anonymous official told the Washington Post. “Today’s announcements are the result of a decision that the Russian government has made and continues to make in choosing a path of confrontation.”

Friday’s sanctions come after President Trump’s top advisors have been pushing for more punishments towards Russia. Russia has reportedly been responsible for hacking US electoral systems, attacking Ukraine’s computer systems, poisoning a British spy, and other offenses.

The sanctions were supported by Congress, and they were approved by Trump, who the Washington Post said signed the decree “grudgingly.”

“These new sanctions send a clear message to Vladimir Putin that the illegal occupation of Ukraine, support for the Assad regime’s war crimes, efforts to undermine Western democracies, and malicious cyberattacks will continue to result in severe consequences for him and those who empower him,” Senator Marco Rubio said.

What do you think of the new sanctions against Russia’s elites? Let us know in the comments below.



 

RELEVANT JOBS

Staff Attorney - Housing Stability Project

USA-FL-Tampa

Position Title: Staff Attorney (Full-time) - Home Office Location: Ybor City Position Summary: ...

Apply now

Corporate Paralegal

USA-FL-Aventura

Balfour & Co. Corporate Paralegal Location: Aventura, Florida   Position Summa...

Apply now

Litigation Attorney

USA-NJ-Newark

65+ year old downtown Newark (Military Park/Prudential Headquarters section) law firm seeks a litiga...

Apply now

eDiscovery Project Manager

USA-MA-Worcester

Bowditch is seeking an eDiscovery project manager to join its Information Services team.  The e...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Electrical Engineering Associate Attorney

USA-TX-Austin

Austin office of our client seeks an electrical engineering associate attorney with 2+ years of inte...

Apply Now

Entry to Mid-level Corporate Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks an entry to mid-level corporate as...

Apply Now

Personal Injury Attorney

USA-AZ-Phoenix

Phoenix office of a BCG Attorney Search Top Ranked Law Firm seeks a personal injury attorney with 5 ...

Apply Now

SEARCH IN ARCHIVE

To Top