July 31, 2018
Congress needs to be smarter on Russia sanctions
In the aftermath of the Helsinki summit, lawmakers are angry at the Trump administration and are turning to sanctions to hold the White House accountable for failing to fix America’s Russia problem. Congress must be careful, however, that its push for even more leverage does not create unintended consequences.
One year ago, President Trump reluctantly signed into law the Countering America’s Adversaries Through Sanctions Act (CAATSA). Motivated by the fear that President Trump might unilaterally lift sanctions on Moscow and let Vladimir Putin off-the-hook for his malign activities, the 2017 law gave Congress control over executive branch efforts to remove pressure on Russia. CAATSA codified existing Russia sanctions executive orders so the President could not simply rescind them. It created an onerous and unprecedented congressional oversight process that limited his ability to even weaken them; and it required the executive branch to impose even more sanctions on Moscow. Though it also contained other provisions, the overarching intent of the law was clear: the administration would have no choice but to ensure that Russia would face material costs for its international aggression and destabilization.
In implementation, the results have been less than Congress hoped for. In January, per the law’s requirements, the Treasury Department published a list of Russian oligarchs. The document, however, was widely derided for being merely a laundry list of wealthy Russians and Kremlin cronies rather than a targeted list of Putin’s most critical relationships.
In the past few weeks, the Treasury Department has signaled it could back away from sanctions on the Russian aluminum firm Rusal. The Treasury Department is arguing that, since oligarch Oleg Deripaska, the ultimate sanctions target, is removing himself from active control of the company, Rusal should not be isolated from the international financial system. Though such a policy would be in keeping with the traditional U.S. approach to removing sanctions, many policymakers have criticized this potential delisting as another example of soft-pedaling.
Read the Full Article at The Hill
More from CNAS
-
Is U.S. Policy Towards Venezuela at a Turning Point?
Commentary
On March 31, the Trump administration announced a pivot in U.S. policy towards Venezuela. The United States has spent more than a year backing opposition leader Juan Guaido, w...
By John Hughes & Peter Harrell
-
Global Supply Chains, Economic Decoupling, and U.S.-China Relations, Part 1: The View from the United States
Commentary
The trade war has defined the current adversarial relationship between the United States and the People’s Republic of China (PRC). While President Donald J. Trump has at times...
By Sagatom Saha & Ashley Feng
-
Emerging Threats in Combating Proliferation Finance
Reports
Executive Summary For decades, the United States, its allies, and partners have been policing the international financial system in an effort to deny the world’s most dangerou...
By Neil Bhatiya
-
Sharper: Global Coronavirus Response
Commentary
As regions across the United States enforce states of emergency and a growing list of countries restrict travel, close schools, and quarantine citizens, the economic and human...
By Chris Estep & Cole Stevens
