Mnuchin said the “oligarchs list” wasn’t delayed by the Trump administration after it was published late Monday, just as a congressionally-mandated deadline was set to expire. While Treasury emphasized that people on the list are not necessarily subject to U.S. sanctions, the report has been denounced by the Russian government, which says it will further hurt relations with the U.S.
“There will be sanctions that come out of this report,” Mnuchin said.
Some Democrats in Congress are upset that the report was not immediately accompanied by fresh U.S. sanctions to punish Russia for its alleged meddling in the 2016 election. Senator Sherrod Brown, an Ohio Democrat, accused Mnuchin of “slow-walking” the report.
“We will take the basis of that report and look at, as we do in the normal course, where it’s appropriate to put sanctions. This should in no way be interpreted as we’re not putting sanctions on any of the people in that report,” Mnuchin said. “I don’t think in anyway we are slow-walking the report delivered last night and we look forward to discussing with you in a classified setting.”
The 96 tycoons named in the U.S. list match the list of billionaires published by the Russian edition of Forbes magazine last year. A Treasury spokesman, who spoke on condition of anonymity, confirmed that the unclassified portion of the report that was submitted to Congress was derived from publicly available sources, including Forbes.
Along with 114 Russian government officials and state-company chiefs, the names were compiled based on “objective criteria drawn from publicly available sources,” Treasury said in the report.
An accompanying report on the effect on Russia’s sovereign debt from possible U.S. sanctions was classified, Senator Bob Corker confirmed in a statement on Tuesday. Congress had requested an unclassified version of the report.
The State Department told Congress Monday that provisions of the law affecting the defense and intelligence sector are having a deterrent effect, making new sanctions on dealing with them mandated by the law unnecessary.