EGX ends week in green area on 23 Oct.    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt, EU sign €75m deal to boost local socio-economic reforms, services    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt joins EU's €95b Horizon Europe research, innovation programme    Oil prices jump 3% on Thursday    Egypt steps up oversight of medical supplies in North Sinai    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna    Inaugural EU-Egypt summit focuses on investment, Gaza and migration    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister    Defying US tariffs, China's industrial heartland shows resilience    Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks    Egypt's non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



U.S. imposes sanctions on Russian oligarchs, officials for 'malign activity'
Published in Ahram Online on 06 - 04 - 2018

The United States imposed sanctions on Friday against Russian businessmen, companies and officials, striking at associates of President Vladimir Putin in one of Washington's most aggressive moves to punish Moscow for what it called a range of "malign activity," including alleged meddling in the 2016 U.S. election.
The action, taken under pressure from the U.S. Congress, freezes the U.S. assets of "oligarchs" such as aluminum tycoon Oleg Deripaska and lawmaker Suleiman Kerimov, whose family controls Russia's largest gold producer, Polyus.
The Treasury Department sanctions on seven Russian oligarchs and 12 companies they own or control, plus 17 senior Russian government officials, are likely to complicate U.S. President Donald Trump's hopes for good relations with Putin.
"The Russian government operates for the disproportionate benefit of oligarchs and government elites,” Treasury Secretary Steve Mnuchin said in a statement.
He said Moscow "engages in a range of malign activity around the globe, including continuing to occupy Crimea and instigate violence in eastern Ukraine, supplying the Assad regime with material and weaponry as they bomb their own civilians, attempting to subvert Western democracies, and malicious cyber activities."
Russian lawmaker Konstantin Kosachev, chairman of the international affairs committee of Russia's upper house of parliament, said the sanctions were baseless and unfriendly, Interfax news agency reported.
The sanctions could potentially hurt the Russian economy, especially the financial and energy sectors, and are part of Washington's effort to hold Russia to account for allegedly interfering in the election, which Moscow denies.
Shares in aluminum producer Rusal were down 2.2 percent on Moscow's exchange after the company was named on the sanctions list.
Russian state companies under the U.S. sanctions will receive additional government support, Interfax cited Russia's Industry and Trade Minister Denis Manturov as saying.
U.S. intelligence agencies say Russia used hacking and propaganda in an effort eventually aimed at favoring Trump over Democrat Hillary Clinton.
Special Counsel Robert Mueller is investigating whether Trump's campaign colluded with Russia in the 2016 election, something that Trump denies. Mueller has indicted 13 Russians and three organizations in his probe.
SLOW ACTION ON RUSSIA
Trump has faced fierce criticism - including from fellow Republicans - for doing too little to punish Russia for the election meddling, aggression in Ukraine, and support of President Bashar al-Assad in Syria's civil war.
He angered many members of Congress by failing for months to implement sanctions on Russia that lawmakers passed nearly unanimously last year.
But pressure for Washington to take action against Russia has been mounting in a series of disputes reminiscent of Cold War tensions.
Putin's government has been blamed for the poisoning of a former Russian double agent living in Britain last month and the United States and several European states announced plans to expel more than 100 Russian diplomats in response.
In February, the White House blamed Russia for the international "NotPetya" cyber attack, which has been called the most destructive and costly in history.
On March 15, the Trump administration said it would impose sanctions on 19 people and five entities, including Russian intelligence services, for cyber attacks stretching back at least two years.
Friday's sanctions were authorized by the Countering America's Adversaries Through Sanctions Act, known as CAATSA, which Trump reluctantly signed into law in August.
Under the law, the U.S. Treasury Department released a public list of 210 people, including 96 wealthy Russian businessmen close to Putin's government and network, who could be subject to future sanctions.
The oligarchs were not immediately sanctioned then but the existence of the list - and a more detailed classified annex - created uncertainty over international business dealings with some Russian sectors.
Chris Painter, the former top cyber diplomat at the U.S. State Department, said the latest sanctions are unlikely to deter the Kremlin unless Trump formally condemns Putin.
Painter, who left government last year, criticized Trump's rhetoric toward Putin – including a congratulatory call last month when Putin won another presidential term in a widely criticized election.
"We need the head of our country saying, 'This is not going to happen,'" Painter said. "That's a critical piece."


Clic here to read the story from its source.