U.S. Likely to Undo Israeli Billionaire’s Sanctions Reprieve
- Mnuchin issued a license for Dan Gertler in 11th-hour move
- Gertler was sanctioned for alleged corruption in mining, oil
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The Biden administration is expected to reverse an 11th-hour move by the Trump administration to temporarily ease sanctions on Israeli billionaire Dan Gertler following an uproar among U.S. lawmakers and government officials left out of the decision-making process, two people familiar with the matter said.
The U.S. sanctioned Gertler, 47, and his companies in 2017 for allegedly corrupt mining and oil deals in the Democratic Republic of Congo. But in his final days in office, President Donald Trump’s Treasury secretary, Steven Mnuchin, issued a license which, while not lifting the sanctions against Gertler, exempted his business activities from them until Jan. 31, 2022.