Last month, a bipartisan group of senators reintroduced a bill designed to expand the range of coercive measures the United States can impose on Russia for its broad range of malign activity, from election interference to ongoing intervention in Ukraine. The updated version of the Defending American Security from Kremlin Aggression Act, or DASKA, contains an array of new measures, including ones targeting the Russian energy and banking sectors. Among the most notable are congressional efforts to expand financial transparency, which would put the U.S. in a much better position not only to counter dirty Russian money flowing through the U.S. financial system, but the illicit financing efforts of a variety of other American adversaries.
DASKA, which was first introduced last summer but was not voted on, reintroduces a measure that had been included in the August 2017 omnibus sanctions law but has generated a great deal of domestic political controversy ever since. By law, the Trump administration was compelled to release a list of Russian oligarchs who were believed to be close to President Vladimir Putin or to be using their economic resources to support his foreign policy. The unclassified list the Treasury Department released in January 2018, however, disappointed many observers, as it closely resembled the Forbes magazine list of richest Russians, and made no effort to publicly address whether any of the individuals named worked closely with Putin or not.
Read the full article in World Politics Review.
More from CNAS
ReportsFinancial Attacks on Democracy
The ease with which foreign intelligence agencies can exploit cryptocurrency to fund criminal activity should be a grave source of concern for proponents of democracy and free...
By Elizabeth Rosenberg, Jesse Spiro & Sam Dorshimer
CommentaryFollowing Fresh US Sanctions, Will China Bail out Iran?
Iran has increasing economic and political motivation to lean into its strategic partnership with China....
By Emily Jin
CommentaryThe Untapped Power of Trump’s Leverage
The Trump administration would bequeath a stock of leverage to its successor....
By Richard Fontaine
CommentaryLocal Interests, Chinese Ambitions, and an Intelligent American Response
Review of Daniel Markey, China’s Western Horizon: Beijing and the New Geopolitics of Eurasia (New York: Oxford University Press, 2020). In his book China’s Western Horizon: Be...
By Emily Jin