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US Targets Allies of Putin in Latest Round of Sanctions

07 April 2018

Russian metals magnate Oleg Deripaska (right) was one of seven oligarchs with close ties to President Vladimir Putin (left) sanctioned by the US.

Oleg Deripaska is sanctioned "for having acted or purported to act for or on behalf of, directly or indirectly, a senior official of the government of the Russian Federation", and for operating in the energy sector of the Russian Federation economy. This includes their occupation of Crimea, instigation of violence in Eastern Ukraine, support for the Assad regime in Syria by supplying material and weaponry, and ongoing malicious cyber activities.

Among the companies targeted by the U.S. included GAZ Group, Russia's leading manufacturer of commercial vehicles owned by Deripaska along with Russian Machines and Renova Group comprised of investment funds and management companies operating in the energy sector in Russia.

The target list includes some who are closely tied to Putin himself, including top-tier officials involved in Kremlin decision-making and heads of the top state-controlled business entities. Senior Trump administration officials cast it as part of a concerted, ongoing effort to push back on Putin, emphasizing that since Trump took office a year ago, the us has punished 189 Russia-related people and entities with sanctions.

Many of the Russian oligarchs and politicians and affiliated businesses had already been identified by the Treasury and State Department as potential targets on a list that was compiled and published in January.

At a news conference Tuesday, he said: 'Nobody has been tougher on Russian Federation than I have'. Shamalov is married to Putin's daughter, Katerina Tikhonova.

Washington's move means the assets of those sanctioned will be frozen in the USA, while Americans will be blocked from doing business with them.

Russian Security Council Secretary Nikolai Patrushev said, however, Moscow's contacts with the USA government would not be brought to an end by the sanctions.

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He also targeted a state-owned arms dealer and a subsidiary bank, the Treasury Department said.

In announcing the sanctions, Treasury Secretary Steven Mnuchin said in a statement, "The Russian government operates for the disproportionate benefit of oligarchs and government elites".

Last month, the USA targeted 19 Russians and five other entities with sanctions in the first use of the law.

Earlier, the United States of America imposed sanctions against nine Russian companies, and the question on sanctions against 12 companies was specified.

Foreign contributions are barred in USA elections.

In January, the United States identified more than 200 wealthy Russians, top officials and business leaders in response to a sanctions law passed by Congress last summer to punish Russia for interfering in United States elections.

The 2017 sanctions law was passed by lawmakers as U.S.

The sanctions follow the expulsion of 60 American diplomats from Russia this week, after the nerve-gas poisoning of former Russian double agent Sergei Skripal and his daughter in England.

US Targets Allies of Putin in Latest Round of Sanctions