Mnuchin: Report will lead to Russian Federation sanctions

Mnuchin: Report will lead to Russian Federation sanctions

Mnuchin: Report will lead to Russian Federation sanctions

The IOC says it has canceled the invitation for Sergei Chudinov, who was banned from the Olympics for life in November when the IOC's disciplinary commission ruled he was part of a Russian doping scheme at the 2014 Sochi Games.

Treasury Secretary Steven Mnuchin told the Senate Banking Committee on Tuesday that the administration could still impose sanctions. "I don't think in anyway we are slow-walking the report delivered last night and we look forward to discussing with you in a classified setting", Bloomberg cited Mnuchin as saying.

But the list of 96 oligarchs appears to copy Forbes' famous 2017 rich list, which lays an array of figures in Russian energy and materials sectors who were able to secure vast resources for themselves when old Soviet assets got sold off.

According to the Treasury, each figure in the "Kremlin report" has an estimated net worth of 1 billion USA dollars.

The 65-year-old Russian leader - who spoke before the US Treasury said it would act on its list "in the near future - said the US move would further worsen ties". He dismissed the State Department's claim that "the mere threat of sanctions" would stop Moscow from further meddling in USA elections. "Trump just was pushed to make some statement (without any real consequences for USA)", Kohlicek said. A number of Russian officials, including Putin and Foreign Minister Sergey Lavrov, have repeatedly refuted the accusations, but the two countries have been struggling to end the crisis in the relations.

"I don't even understand on which criteria this list could be formed", said the minister, who has also been included on the US Treasury's blacklist.

The Belgium PM, who is paying a visit to Russian Federation, is scheduled to meet with Putin later on Wednesday.

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Politicians in both the USA and Russia have criticized the publication for copying the Forbes' list of richest Russians and the Kremlin's own online directory of officials.

Trump reluctantly signed the Counter America's Adversaries Through Sanctions Act (CAATSA) law in August after it was passed by an overwhelming majority in both chambers of the USA legislature after the country's intelligence community said that Putin ordered a campaign aimed to influence the presidential election. Meanwhile, Russia's embassy here confirmed that the head of Russia's foreign intelligence service was invited to counter-terrorism talks in Washington.

Senate Minority Leader Charles Schumer, D-N.Y., a frequent critic of Trump's treatment of Putin and his government, said the timing of the trip was suspicious.

CHUCK SCHUMER: This is a serious national security issue. "Russia hacked our elections".

"It's fine if the Trump administration doesn't believe in sanctions". The intent was to do an extremely thorough analysis.

"They need to decide for themselves what they want: To engage in that or to sanction those who are dealing with it here", Putin snapped.

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