Economics
U.S. Plans Sanctions on Russian Oligarchs This Week, Official Says
- Six to 10 wealthy Russians said to be targeted in action
- Sanctions are punishment for election meddling under U.S. law
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The Trump administration plans to impose sanctions on Russian tycoons as early as this week under provisions of a law calling for retaliation against Moscow for meddling in the 2016 presidential election, a U.S. government official said.
Plans call for targeting six to 10 so-called Russian oligarchs, though no firm decision has been made on the number, the official said. The person asked not to be identified discussing the sanctions before they’re announced.