Mnuchin Says Trump Administration is ‘Actively Working’ on More Russia Sanctions

<> on July 8, 2017 in Hamburg, Germany.

Treasury Secretary Steven Mnuchin said Wednesday the Trump administration is “actively working” on imposing sanctions on Russia over its interference in the 2016 US election.

“We are actively working on Russia sanctions coming out of the classified briefing,” Mnuchin told lawmakers on the Senate Finance Committee, where he was testifying on the President’s 2019 budget.

The secretary has come under repeated fire by Democrats for the administration’s failure to implement an overwhelmingly bipartisan measure that gives Treasury new authorities to impose sanctions on Russia.

“I can assure you those sanctions are coming,” Mnuchin said. “We are working on them as we speak.”

The Trump administration didn’t levy a single sanction on Jan. 29, the first day it could have under the Countering America’s Adversaries Through Sanctions Act. That day, anyone doing business with certain Russian intelligence and military entities, including arms manufacturers, faced possible penalties.

The act, drawn up by lawmakers for the express purpose of punishing Russia for its election interference, also required the Treasury Department to report to Congress with a list of powerful and wealthy Russians close to Vladimir Putin, with a view to targeting the Russian president’s powerful allies. Treasury was also required to assemble a classified, more detailed version of the oligarchs list.

The State Department has said it considered Jan. 29 a starting point, not a deadline to impose sanctions, and that it would take time to see whether other countries, including close US allies, are indeed weaning themselves off military contracts with the blacklisted Russian suppliers.

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SOURCE: CNN, Donna Borak and Nicole Gaouette