Media learns about resolution against lifting of US sanctions from Deripaska companies

Media learns about resolution against lifting of US sanctions from Deripaska companies
Oleg Deripaska Photo: RIA Novosti

The draft of the relevant document against the lifting of sanctions from the companies controlled by the Russian billionaire En+, UC Rusal and Eurosibenergo was developed by the leader of the Democrats in the US Senate Chuck Schumer. The resolution has not yet been submitted to Congress.

In the US Congress, Democrats are discussing the creation of a variety of obstacles to the lifting of sanctions from the companies of the Russian billionaire Oleg Deripaska, announced by the Department of Treasury in mid-December, the Daily Beast writes.

The portal refers to the statement of Democratic leader Chuck Schumer, who on Friday, January 4, announced that he had prepared a resolution directed against the relevant decision of the US Treasury.

“I’m doing this not because I decided that Congress should take action against this agreement [to lift the sanctions] – I haven’t made such a decision yet – but to keep the procedural possibilities for introducing such a resolution, if it is needed,” the media quotes Schumer.

The democrat noted that the congressmen will continue to assess the basis for the decision of the presidential administration of Donald Trump to lift sanctions from companies controlled by Deripaska. Daily Beast cites a link to the draft resolution (.pdf), which disagrees with the decision to lift sanctions on En+, UC Rusal and Eurosibenergo companies. If Schumer decides to register and file this document, then in order for the resolution to hit Trump's table, it will be necessary for it to be supported by a majority in both houses of Congress.

Connecticut-representing Democrat Congressman Jim Heimes, in a conversation with the Daily Beast, said that he was discussing the issue of countering the lifting of the sanction from Deripaska’s companies with members of the intelligence committee of the House of Representatives.

“I think that officials of the US Department of Treasury of high rank should speak in Congress and explain about this deal,” the legislator believes. “We need to get more information as quickly as possible.”

Himes said that the decision of the Washington administration can be canceled at the legislative level.

Democratic Congressman Steny Hoyer assured in a conversation with the publication that “the Democrats will consider all available options on this important issue.”

In mid-December 2018, the US Treasury announced its agreement to remove the sanctions from Rusal, En+ and Eurosibenergo under the control of Deripaska for 30 days. All of them came under restrictions last April. The American department went for it, as the Russian businessman agreed to reduce control in En+ (controls Rusal) from about 70% to 44.95% without the possibility of an increase. Deripaska himself will remain on the US sanctions list.

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