The Senate failed to advance a bill to prevent President Donald Trump from lifting sanctions on three Russian businesses. Eleven Republicans joined 46 Democrats to vote for cloture on the bill, but they fell three votes short of the 60 votes needed to end debate. . .
In April, the Trump administration placed U.S. sanctions on three businesses connected to an oligarch associated with Russian President Vladimir Putin.
This oligarch, Oleg Deripaska, had also been cited by prosecutors as a financial supporter of former Trump campaign chairman Paul Manafort’s alleged criminal activity in Ukraine. Deripaska accused Manafort and Rick Gates (Trump campaign’s former deputy chairman) of disappearing with $26 million of his money.
In December, the U.S. Treasury Department announced that it was lifting sanctions on these three businesses. Sanctions on Deripaska will remain.
“Treasury sanctioned these companies because of their ownership and control by sanctioned Russian oligarch Oleg Deripaska, not for the conduct of the companies themselves. These companies have committed to significantly diminish Deripaska’s ownership and sever his control. The companies will be subject to ongoing compliance and will face severe consequences if they fail to comply,” Treasury Secretary Steven T. Mnuchin said in the department’s news release. (Read more from “Senate Rejects Resolution to Block President Trump From Lifting Sanctions on Russia” HERE)