tiptrot.com July 17, 2018

Russian Federation promises 'tough response' to United States sanctions

08 April 2018, 01:11 | Bernice Figueroa

Russian Federation promises 'tough response' to United States sanctions

Russian Federation promises 'tough response' to United States sanctions

But they noted that a number of Russian oligarchs and politicians and affiliated businesses have already been identified by the Treasury and State Department as potential targets. Shamalov is being designated for sanctions by us authorities for operating in the energy sector of the Russian Federation economy. One former senior USA intelligence official said, "Some of the names will be very familiar, but they may not be the right names".

The sanctions, taken under pressure from the U.S Congress, have seen the freezing of USA assets of oligarchs such as aluminium tycoon Oleg Deripaska, a close associate of Putin, and lawmaker Suleiman Kerimov, whose family controls Russia's biggest gold producer, Polyus.

Russia will not leave new USA sanctions and any future hostile actions without a tough response, the Russian Foreign Ministry has said after Washington announced a new round of restrictions against Moscow. He said that the oligarchs have had a year to restructure their USA holdings. An inter-agency team was briefed on the outlines of the announcement on Wednesday, they said.

"Some of the names will be very familiar, but they may not be the right names."

The administration compiled and released a "naming and shaming" list of almost 100 Russian oligarchs in January under a 2017 law called CAATSA that allows retribution for Russian interference in the election and Russian actions in Ukraine and Syria.

Three officials said Thursday that the Treasury Department would implement the sanctions under the Countering America's Adversaries Through Sanctions Act, known as CAATSA, which was overwhelmingly passed by Congress in 2017 and signed into law by President Donald Trump despite some objections.

In March, following Special Counsel Robert Mueller's indictment of 13 Russians, the USA imposed sanctions on 19 people and a number of Russian organizations, including intelligence services, for past cyber intrusions.

"Sanctions will help Russian oligarchs, who have benefited from destabilizing actions of Russia, to ensure that it will not remain without consequences", - stated in the text.

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