Russias Oligarchs Brace for U.S. Report Listing Putin Friends
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https://www.bloomberg.com/amp/news/articles/2018-01-12/russia-s-oligarchs-brace-for-u-s-report-listing-putin-friends?__twitter_impression=true
Russia’s Oligarchs Brace for U.S. Report Listing Putin Friends
By Saleha Mohsin
January 12, 2018, 4:00 AM EST
Updated on January 12, 2018, 7:30 AM EST
Congress gave Jan. 29 deadline for Treasury to submit list
List does not impose sanctions, parts may remain classified
The U.S. Treasury Department is finishing its first official list of “oligarchs” close to President Vladimir Putin’s government, setting off a flurry of moves by wealthy Russians to shield their fortunes and reputations.
Some people who think they’re likely to land on the list have stress-tested the potential impact on their investments, two people with knowledge of the matter said. Others are liquidating holdings, according to their U.S. advisers.
Russian businessmen have approached former Treasury and State Department officials with experience in sanctions for help staying off the list, said Dan Fried, who previously worked at the State Department and said he turned down such offers. Some Russians sent proxies to Washington in an attempt to avoid lobbying disclosures, according to one person that was contacted.
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I personally don't see Trump admin enforcing this.
However there was a majority (all but 2) voting for the Magnitsy Act. Getting Trump to comply with blacklisting 50 of his bff's is wishful thinking.
At least the Blacklist will be in place for our next President & hopefully a stronger Congress/Senate behind him/her.
