Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms

By REUTERS
January 11, 2019 01:47
1 minute read.
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

WASHINGTON - US Treasury Secretary Steven Mnuchin insisted on Thursday that the Trump administration would keep tight control on companies linked to Russian oligarch Oleg Deripaska, despite last month's decision to ease restrictions on the firms.

"Treasury will be vigilant in ensuring that En+ and Rusal meet these commitments. If these companies fail to comply with the terms, they will face very real and swift consequences, including the reimposition of sanctions," Mnuchin said in a statement released before a closed-door briefing for the House of Representatives.He spoke to the lawmakers just two days after Democrats asked him to conduct a briefing for House members on the sanctions decision, one of their first actions since the party took control of the chamber last week.

The newly appointed Democratic leaders of seven House committees wrote to Mnuchin, citing their responsibility to conduct oversight of Russia's attempts to interfere in US elections and other "hostile actions."



Mnuchin was national finance chairman for President Donald Trump's 2016 campaign. Democrats have made clear they plan to investigate Russia and its possible links to the 2016 presidential election thoroughly now that they control one house of Congress.

After the briefing, House Speaker Nancy Pelosi told reporters it had been "a waste of time" and criticized Mnuchin as doing little more than reading from an unclassified statement.

Mnuchin told reporters he respected Pelosi but was "shocked" by her comment. He said he had answered many members' questions.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
January 22, 2019
U.S. to formally seek extradition of Huawei executive Meng Wanzhou

By REUTERS