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Trump’s Treasury lifts sanctions on Russian companies targeted over 2016 election interference

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The Trump administration will lift sanctions on companies owned by a Russian oligarch who was targeted over interference in the 2016 election, reports Bloomberg.

Sanctions will be lifted on Rusal, En+ Group Plc and JSC EuroSibEnergo, according to a letter sent to Sen. Mitch McConnell (R-KY) by Trump’s Treasury secretary.

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Russian billionaire Oleg Deripaska, a close Putin ally, will cut his ownership stake below 50 percent, according to the agreement.

“These companies have committed to significantly diminish Deripaska’s ownership and sever his control,” Treasury Secretary Steven Mnuchin said in the statement. “The companies will be subject to ongoing compliance and will face severe consequences if they fail to comply.”

Congress can block the lifting of sanctions, otherwise, they will take effect in 30 days, the Treasury Department said in a statement Wednesday.

The sanctions on Rusal, the world’s second-biggest aluminum company, had caused chaos in the worldwide market for the metal.

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As the New York Times reported, Deripaska is “portrayed as little more than a thug by his critics and suspected by United States officials of having ties to Russian organized crime.”

Former Trump campaign boss Paul Manafort was among Deripaska’s clients before being sent to prison after admitting to a number of felonies.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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‘This is how he gets us killed’: American Jews and allies horrified after Trump blurts out anti-Semitic trope

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President Donald Trump blurted out another anti-Semitic trope during his brief press availability Tuesday in the Oval Office.

Trump has been having a kind of holy war with Reps. Ilhan Omar (D-MN) and Rashida Tlaib (D-MI), two of just three Muslim officials in Congress. When speaking to the press Tuesday, he claimed that Jews have no business supporting Democrats because they're anti-Semitic. But then he took it a step further.

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Conservative columnist blasts GOP as ‘partisan hacks for whom hypocrisy is second-nature’

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On Tuesday, President Donald Trump once again ripped into The Squad, this time to undercut an emotional press conference in which Rep. Rashida Tlaib (D-MN) described the conditions her Palestinian relatives live under.

“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” the president tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”

Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long. Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!

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Trump-worshipping artist unveils insanely disturbing new painting — and the internet is having a field day

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Jon McNaughton, the Trump-loving artist whose worshipful portraits of the president have drawn comparisons to North Korean propaganda, has unveiled a new painting that many Twitter users find deeply disturbing.

The new painting, which is titled "The Masterpiece," features President Donald Trump sitting at an easel and preparing to unveil a painting of his own.

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