Schumer to force vote on U.S. decision on Russia firms with vanguard news

Schumer to force vote on U.S. decision on Russia firms with vanguard news ,

WASHINGTON, ┬áJan 13 (Reuters) – U.S. Senate Democratic Leader Chuck Schumer said on Saturday he will force a

vote soon on a resolution to disapprove the Trump administration’s decision to relax sanctions on three Russian

companies connected to oligarch Oleg Deripaska .

“I have concluded that the Treasury Department’s proposal is flawed and fails to sufficiently limit Oleg Deripaska’s

control and influence of these companies and the Senate should move to block this misguided effort by the Trump

Administration and keep these sanctions in place,” Schumer said in a news release.

The U.S. Treasury announced on Dec. 20 that it would lift sanctions imposed in April on the core businesses of

Deripaska, including aluminum giant Rusal its parent En+ and power firm EuroSibEnergo, watering down the

toughest penalties imposed since Moscow’s 2014 annexation of Crimea.

After lobbying by European governments that followed the imposition of sanctions, Washington postponed

enforcement of the sanctions and started talks with Deripaska’s team on removing Rusal and En+ from the blacklist

if he ceded control of Rusal.

The businessman, who has close ties to the Kremlin, also had ties with Paul Manafort, Trump’s former campaign manager, documents have showed.

An FBI agent said in an affidavit attached to a 2017 search warrant unsealed earlier this year that he had reviewed

tax returns for a company controlled by Manafort and his wife that showed a $10 million loan from a Russian lender

identified as Deripaska.

On Thursday, U.S. Treasury Secretary Steven Mnuchin insisted that the Trump administration would keep tight control on companies linked to Deripaska, despite the decision to ease restrictions.

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