January 28, 2018

Coming U.S. List of Oligarchs Linked to Putin Alarms Russia’s Richr

Featuring Elizabeth Rosenberg

Source: The New York Times

Journalist Gardiner Harris

WASHINGTON — It was all but ignored last year when it was wrapped into a sanctions law punishing Russian aggressions. But in recent weeks, a requirement that the United States identify Russian oligarchs in a public list has set off a cavalcade of anxious lobbying across Washington by those who fear their links to the Kremlin will jeopardize their financial well-being.

The Trump administration is set to release the list on Monday in a report that — to the surprise of many — serves as a new tool to punish wealthy backers of the world’s autocrats, simply by naming them.

It is unclear how the administration will define who is considered an oligarch, and appearing on the list does not carry immediate penalties.

But it will reveal the financial details of Russian elites and many of their family members. More worryingly, lobbyists and experts say, it could make them vulnerable to future sanctions through their associations with President Vladimir V. Putin of Russia.

Read the full article here.

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publishes a...