Russian Sanctions to follow the publishing of Kremlin Oligarch Report

Treasury Secretary Steve Mnuchin said on Tuesday that New U.S. sanctions will follow the publication of a list of Russian billionaires and top Russian officials. Many experts have criticized the content of the report, dubbing it as a “Kremlin telephone book” packed with the of billionaires published by the Russian edition of Forbes magazine from last year. The sanctions could easily harm many of the Russian-linked companies, seriously impacting their financial records. But there is more to it. There is a classified part of the report, which was not released, and it is expected to include details on lower profile individuals and how close they are to Mr Putin and his ruling elite, and any information outlining their involvement in corrupt activities.

Sources

https://www.investing.com/news/economy-news/mnuchin-says-russia-sanctions-coming- after-oligarch-report-1171827

https://www.ft.com/content/1d3d7f24-057c-11e8-9650-9c0ad2d7c5b5