Too big to sanction u.s. struggles with punishing large russian businesses. – the washington post c gastritis


Congress, meanwhile, is considering additional sanctions to punish Russian “aggression,” including its interference in U.S. elections. The bipartisan legislation would ban U.S. investors from buying new shares of Russian government debt. It would also cut some gas stoichiometry worksheet Russian banks’ access to U.S. dollars, a step that would “very, very seriously hit the Russian financial system,” said Vladimir Milov, economic adviser to Russian opposition politician Alexei Navalny, a foe of President Vladi­mir Putin.

The bill’s energy-related sanctions could prove particularly harmful to European companies, said Jacob Kirkegaard, senior fellow at the Peterson Institute for International find a gas station near me Economics in Washington. Those measures would ban companies from investing in crude-oil infrastructure inside Russia, or in large energy projects outside Russia if they involve a Russian state-controlled company. Kirkegaard said that would probably complicate investments by German companies and Royal Dutch Shell in Nord Stream 2, a planned pipeline that would ship Russian natural gas to Germany.

Deripaska’s camp is dangling the threat of even worse outcomes for the United States if Washington doesn’t lift the Rusal sanctions. Failure to reach a deal could lead the holding company through which Deripaska controls the aluminum producer to seek “other avenues to resolve the current impasse, including a potential acquisition by Chinese interests or the potential nationalization of the company by Russia,” according to Justice Department filings made by a U.S. lobbying firm representing the holding company’s chairman.

“One lesson we should draw o gosh corpus christi from this is that while folks at Treasury have a pretty good sense of how their sanctions on financial products will play out, they don’t have the same expertise and knowledge electricity will not generally cause of nonfinancial commercial sectors,” said Liz Rosenberg, who handled sanctions policy during the Obama administration and is now a senior fellow at the Center for a New American Security.

To placate Treasury, Deripaska has “agreed in principle” to reduce his shareholding in En+ Group, the holding company that controls Rusal, from 70 percent to below 50 percent, according to En+, which says it is working “with Mr. Deripaska and gas in babies at night his family to transfer their assets to approved organizations or trustees.” Deripaska and his allies have also resigned from the boards of Rusal and En+.

The Deripaska-controlled holding company is leaning on several Western establishment figures to plead its case in Washington. Leading that effort is En+ Chairman Gregory Barker, a former U.K. energy minister and a member of Britain’s House of Lords. To help press his agenda, Barker hired Mercury Public Affairs, which assigned an influential lobbyist to the case: former U.S. senator David Vitter (R-La.).

In a May 1 email to State Department officials, Vitter thanked them for a “productive meeting” and attached media reports about the London Stock Exchange’s plans to halt trading of En+ shares unless the company won a sanctions reprieve. The reports underscored 76 gas credit card account login a “deadline upon us,” Vitter wrote, according to a copy of the email filed with the Justice Department.

Deripaska started amassing his fortune in the 1990s, when Boris Yeltsin was Russia’s president and rival groups vied for control of previously state-owned industries. In lawsuits, former allies and rivals accused Deripaska and his associates of using fraud and violence to take over aluminum assets, allegations Deripaska denied. Between 1998 and 2000 wd gaster x reader, the United States denied Deripaska visas under a statute deeming foreigners ineligible “based on security, unlawful activity and related reasons,” Rusal has disclosed in securities filings. Deripaska called those concerns “unwarranted” in the filings.

U.S. allies, including Germany, Ireland, France and Britain, warned the State Department that the move was disrupting global markets and hurting European factories that relied on Rusal, diplomats said, speaking on the condition of anonymity to discuss sensitive conversations. Ireland expressed concerns about a Rusal-owned alumina plant in rural Ireland that employs 470 people in a region “where there isn’t alternative sources of employment,” Daniel Mulhall, the Irish electricity kwh cost calculator ambassador to the United States, said in an interview.