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U.S. Sanctions Hit Putin Allies, Including Billionaire Deripaska

  • Treasury also targets dozens of companies, officials, tycoons
  • Russia vows to retaliate tit-for-tat against ‘unfriendly act’
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The Trump administration announced new sanctions on Russian tycoons, companies and key allies of President Vladimir Putin, hitting the crucial energy sector and adding to a flurry of moves by Western powers against Moscow in recent weeks.

“The Russian government operates for the disproportionate benefit of oligarchs and government elites,” U.S. Treasury Secretary Steven Mnuchin said in a statement Friday. “The Russian government engages in a range of malign activity around the globe, including continuing to occupy Crimea and instigate violence in eastern Ukraine, supplying the Assad regime with material and weaponry as they bomb their own civilians, attempting to subvert Western democracies, and malicious cyber activities.”