Trump sanctions Russian Oligarchs

United States of America has imposed another major sanction on close allies of President Vladimir Putin, which are seen as the toughest and most aggressive round of sanctions on Russia due to its alleged cyber attacks and meddling in 2016 US Presidential elections. The latest sanctions are said to be the result of immense pressure by US Congress to act tough on Russia.

US authorities have sealed the assets of oligarchs in the US due to many hostile actions by Russia as stated by the US Treasury Department although the intelligence departments have stated them to be a befitting response to Russian meddling in US elections. The bilateral relations between the two superpowers have been hit over recent expulsions of diplomats in solidarity with British allegations of Russian involvement in the poisoning of its ex-spy Sergei Skripal and his daughter Yulia with a military grade nerve agent Novichok which was produced in the former Soviet Union.  Russians have although denied the charges. The current sanctions cover 7 Russian elites, 12 companies which are owned by them in addition to 17 officials of the Russian government.

The sanctions have been warmly received in different quarters of US government as Trump faced severe criticism for not taking appropriate steps against Russia for many of its adverse actions like the invasion of Crimea, Ukraine aggression, cyber attacks, the meddling of US elections in 2016 and also its support for Assad regime in Syria. The major impact of the sanctions will be seen on financial, energy and aluminium sectors of Russian economy.

The businessmen who have been targeted include CEO of Gazprom Miller, aluminium baron Oleg Deripaska, Suleiman Kerimov who controls Polyus, Viktor Vekselberg owner of Renova group, Kirill Samalov etc.

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