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Trump Admin Slaps New Sanctions on Russian Oligarchs, Putin Cronies in Response to ‘Malign Activity’

The Trump Administration has authorized new sanctions against several major Russian entities and power players in retaliation for Moscow’s interference with the 2016 election.

The Treasury Department announced that the new penalties will target a dozen Russian companies controlled by the nation’s oligarchs and key allies of Vladimir Putin. The business affected will include the Russian Financial Corporation Bank, as well as Rosoboronexport, a state-owned arms dealer involved with conflicts in Syria.

“The Russian government engages in a range of malign activity around the globe, including continuing to occupy Crimea and instigate violence in eastern Ukraine, supplying the Assad regime with material and weaponry as they bomb their own civilians, attempting to subvert Western democracies, and malicious cyber activities,” said Treasury Secretary Steven Mnuchin. “Russian oligarchs and elites who profit from this corrupt system will no longer be insulated from the consequences of their government’s destabilizing activities.”

Among the 17 officials who will be impacted by the new sanctions, one of the most prominent is Oleg Deripaska, an energy and manufacturing mogul who has been previously suspected of money-laundering. Billionaire investor Suleiman Kerimov is facing similar charges from the Treasury Department due to allegations that he smuggled suitcases full of money into France.

[Image via screengrab]

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