US plans sanctions on Russian oligarchs

The US is planning to sanction Russian oligarchs close to Vladimir Putin this week under a law targeting Moscow for meddling in the 2016 election campaign, as reported by Reuters.

Key quotes (source: Reuters)

“The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in potentially the most aggressive move so far against the country’s business elite.”

“The action, which could affect people close to President Vladimir Putin, reflects Washington’s desire to hold Russia to account for allegedly interfering in the election – which Moscow denies – even as U.S. President Donald Trump holds out hope for good relations with Putin.”

“Trump has faced fierce criticism for doing too little to punish Russia for the election meddling and other actions, and Special Counsel Robert Mueller is probing whether his campaign colluded with the Russians, an allegation the president denies.”

“This week’s actions will include sanctions against Russian oligarchs, including some with ties to Putin as well as to the Russian government, according to two U.S. officials briefed on the deliberations.”

“Four sources said the sanctions would be imposed under the Countering America’s Adversaries Through Sanctions Act, also known as CAATSA, which was passed by Republicans and Democrats seeking to punish Russia for its 2014 annexation of Crimea from Ukraine, involvement in the Syrian civil war and meddling in the 2016 U.S. presidential election.”

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