Economics

Mnuchin Says Russia Sanctions Coming After ‘Oligarchs’ Report

Treasury Secretary denies “slow-walking” mandated report
Treasury on Monday released report on people close to Putin

The U.S. has identified 96 of Russia’s richest people as oligarchs. Bloomberg’s Henry Meyer reports.(Source: Bloomberg)

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By Saleha Mohsin

January 30, 2018 at 4:05 PM UTC

Updated on

January 30, 2018 at 5:49 PM UTC

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New U.S. sanctions will follow the publication of a list of Russian billionaires and top Russian officials, Treasury Secretary Steve Mnuchin said on Tuesday.

Mnuchin said the “oligarchs list” wasn’t delayed by the Trump administration after it was published late Monday, just as a congressionally-mandated deadline was set to expire. While Treasury emphasized that people on the list are not necessarily subject to U.S. sanctions, the report has been denounced by the Russian government, which says it will further hurt relations with the U.S.