Contents tagged with US Treasury
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US Treasury Department: Reduction in Deripaska’s share in his company not sufficient to exclude it from sanctions list
"A reduction in the share of ownership [of the company] by a person under sanctions is not necessarily a basis for excluding [the company] from the sanctions list," RBC news agency reports, citing an official US Treasury Department spokesperson.
According to the source, OFAC (the Office for Foreign Assets Control, a subdivision of the Treasury Department) "conducts a thorough analysis of the facts and circumstances of each request for exclusion [from the sanctions list) and does not discuss …
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US Treasury Department confirms that Yekaterina Tikhonova is Putin's daughter
The United States Department of the Treasury confirmed that Katerina Tikhonova is a daughter of Russian President Vladimir Putin. The information was provided as a part of an explanatory note about Tikhonova’s husband Kirill Shamalov who was included in the new sanctions list.
"Shamalov married Putin’s daughter, Katerina Tikhonova in February 2013 and his fortunes drastically improved following the marriage. Within 18 months, he acquired a large portion of shares of Sibur, a Russia-based …
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Russia promises to respond to US sanctions
Moscow will have a "harsh response," to the US sanctions, as stated by the Russian Foreign Ministry. "There is no pressure that could force Russia to withdraw from the chosen course. They [the sanctions] only demonstrate the inability of the United States to achieve its goals and are bringing the Russian society closer together. Of course, we will not leave current and any new anti-Russian attack without a harsh response. However, first of all, we would like to advise Washington to get rid …
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US Department of the Treasury preparing new sanctions against Russia
At a briefing in the White House, Steven Mnuchin, US Secretary of the Treasury said that the US Department of the Treasury will introduce new sanctions against Russia in the coming weeks.
"We are working on Russia sanctions. I can assure you that is in the process. I will be back here [at this White House] within the next several weeks to talk about that," he said.
US Treasury Secretary also stressed that the Department is actively working with the FBI on sanctions against individual …
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Russia's former Finance Minister urges businessmen to brace for sanctions after US published the 'Kremlin List'
The Kremlin List, published by the US Treasury, is a list of businessmen and government officials who may fall under US sanctions in the future. The list has already begun to affect the work of Russian companies, the Head of the Center for Strategic Research (CSR) and former Finance Minister Alexei Kudrin stated, Interfax reports.
"These are not just sanctions that will come later. Unfortunately, it is already taking effect," the former Finance Minister told reporters on the sidelines of the …
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US Expands Sanctions against Russia
The US expanded sanctions against Russia in connection with recent events in eastern Ukraine. This was stated on the website of the US Treasury. Sanctions were imposed against individuals (including Ukranian citizens) and institutions alike.
The sanctions list includes the ministers that worked with former Ukrainian President Viktor Yanukovych, former Science and Education Minister Dmytro Tabachnik and Russian politician Vitaliy Zakharchenko. Sanctions were also imposed on Vladislav Dinega, …