- Apr 28, 2015
- Reaction score
- Third Coast
- Political Leaning
Washington (CNN Business)The Trump administration on Wednesday notified Congress of its plans to lift sanctions on two Russian firms, including Rusal, the world's second-largest aluminum producer.
The Treasury Department said that Rusal and EN+ Group, the company that holds Russian oligarch Oleg Deripaska's stake in the Russian aluminum giant, and GAZ Group, a Russian automotive conglomerate, had made "significant restructuring and corporate governance changes" to allow them to meet the criteria to be delisted within the next 30 days.
Deripaska was sanctioned earlier this year as part of a wider effort by the Trump administration to punish the Kremlin over interference in the 2016 election.
Deripaska, who had a longstanding business relationship with former Trump campaign chairman Paul Manafort, faces claims from Treasury of bribery, extortion, racketeering, ordering the murder of a rival businessman and having links to organized crime. In statements provided to London High Court, Deripaska has denied the "alleged basis" of US sanctions.
Source: (CNN Politico) Treasury plans to lift sanctions on Russian aluminum giant Rusal
Fresh on the heels of Trump's withdrawing the troops from Syria, we see this.
Oleg Vladimir Depreska, besides sharing a given-name with Putin, appears to be one of his puppet oligarchs. The company in the article, Rusal, is owned by him (Depreska). Well, except now he has reduced his ownership (on paper) to 49.5%. And Trump (via the Treasury) has summarily removed the sanctions imposed by Congress.
This is another big win for Putin. The question I have, is:
"Is it warranted?"