KOICA, Plan International mark conclusion of Humanitarian Partnership Programme in Egypt    Microsoft to invest $1.7b in Indonesia's cloud, AI infrastructure    Uganda secures $295m loan from S. Arabia's IDB    Asian stocks climb, yen shakes    Ministry of Finance to launch 26 tenders for T-bills, bonds worth EGP 457bn in May    EGP fluctuates against USD in early Tuesday trade    Al-Sisi, Biden discuss Gaza crisis, Egyptian efforts to reach ceasefire    Egyptian, Bosnian leaders vow closer ties during high-level meeting in Cairo    S. Africa regards BHP bid typical market activity    Al-Mashat to participate in World Economic Forum Special Meeting in Riyadh    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    US to withdraw troops from Chad, Niger amid shifting alliances    Negativity about vaccination on Twitter increases after COVID-19 vaccines become available    US student protests confuse White House, delay assault on Rafah    Environment Ministry, Haretna Foundation sign protocol for sustainable development    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.