The Latest on the Trump administration and Russia sanctions (all times local):
The Trump administration has released its highly anticipated list of Russian politicians and business figures in an attempt to increase pressure on Russian President Vladimir Putin.
The list includes 114 individuals deemed by the Treasury Department to be senior Russian political figures. It also includes 96 people deemed to be “oligarchs.” The Treasury says each has an estimated net worth of $1 billion or more.
The list was required by a law passed by Congress last year to punish Russia for meddling in the 2016 U.S. election. The Trump administration had until Monday to release the list, aimed at exposing those who have gained wealth or power through association with Putin. It’s been informally referred to as the “Putin list.”
The list does not trigger any U.S. sanctions targeting the individuals.
The Trump administration has notified Congress that it will not impose new sanctions on Russia at this time.
The State Department says it’s confident that new legislation enacted last year is significantly deterring Russian defense sales.
Spokeswoman Heather Nauert estimates foreign governments have abandoned several billion dollars in planned or announced Russian purchases.
The decision comes amid ongoing concerns from critics of the president that his administration has been too soft on Russia. Investigations continue into Moscow’s efforts to influence the 2016 election to help Donald Trump win.
The Treasury Department was expected to release another list of businessmen who have grown rich under Russian President Vladimir Putin, but the day came and went with no word. The Treasury Department did not respond to multiple inquiries Monday about the list.