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Treasury Unloads On Moscow: Washington Freezes Russian Assets In The US Worth Hundreds Of Millions

By Tyler Durden – Zero Hedge – 08/21/2018

Just hours after Microsoft said it had thwarted Russian intelligence attempts to hack two conservative think tanks and government sites used by Congressional staff, on Tuesday, the United States imposed new sanctions on two Russians and one Russian and one Slovakian firm under a U.S. program targeting malicious cyber-related activities.

In a statement on its website, the U.S. Treasury said the sanctioned firms – Saint Petersburg-based Vela-Marine Ltd and Slovakia-based Lacno S.R.O. – and the two individuals were linked to Divetechnoservices, a previously sanctioned entity.

Separately, speaking before the Senate Banking Committee, Sigal Mandelker, the Treasury’s top terror and financial intelligence official said that “the breadth and brazenness of Russia’s malign conduct demands a firm and vigorous response.”

Mandelker touted that the net worth of Oleg Deripaska had dropped by about 50%, and the share price of EN+ fell to $5.40 from $12.20 since the latest round of sanctions against Russia were imposed; she also noted that the net worth of Viktor Vekselberg fell by an estimated $3BN due to American penalties.

Mandelker also said that Russian-owned assets in the United States worth hundreds of millions of dollars have been frozen as part of Washington’s sanctions against Moscow, and told lawmakers that the US will not hesitate to bring economic pain to Russia if its conducts does not change.

“The actions of the US Treasury have had significant consequences for the financial interests of individuals and businesses that were affected, including the blocking of hundreds of millions of dollars of Russian assets in the United States,” Mandelker said. Her statement can be found here.

The Trump administration has sanctioned 217 Russian-related individuals and entities, including oil company Surgutneftegaz and power company EuroSibEnergo, since January 2017. Targets include heads of major state-owned banks and energy firms, and some of President Putin’s closest associates.

“As companies across the globe work to distance themselves from sanctioned Russian persons, our actions are imposing an unprecedented level of financial pressure on those supporting the Kremlin’s malign agenda and on key sectors of the Russian economy,” Mandelker said in the prepared remarks.

Finally, in Trump’s determination to show how “tough” he is on Russia, the U.S. also sanctioned owners of six Russian ships over claims they are helping transfer refined petroleum products to North Korean vessels, as tensions with both Moscow and Pyongyang intensify, Bloomberg reported.

The ships – and two Vladivostok-based shipping companies – violated U.S. and United Nations sanctions on North Korea, the Treasury Department said Tuesday in announcing the sanctions on its website. The U.S. is aiming to keep pressure on North Korean leader Kim Jong Un to denuclearize.

“Consequences for violating these sanctions will remain in place until we have achieved the final, fully verified denuclearization of North Korea,” Treasury Secretary Steven Mnuchin said in a statement.

In a separate announcement on Tuesday, Treasury also sanctioned two Russian individuals and two entities it said were making attempts to get around existing U.S. sanctions.

“The Treasury Department is disrupting Russian efforts to circumvent our sanctions,” said Mnuchin. “Today’s action against these deceptive actors is critical to ensure that the public is aware of the tactics undertaken by designated parties and that these actors remain blocked from the U.S. financial system.”

August 21, 2018 - Posted by | Economics, Russophobia | , ,

1 Comment »

  1. Mandelker was born in … ISRAEL!!! I’ve followed this Treasury scam since it was set up in circa 2005 by (Jewish) Zionists, for Zionists, all the time, anywhere. I recall initial names such as Leavy and Levitt; Cohen another Jew/Zionist. They (i.e., the agents in the actual operational unit) pass through the revolving door from Zionist think tanks to Treasury and then back to their tanks to plot further ways to advance the Zioentity’s agenda. Their main focus is always on Arabs or Muslims or justice-for-Palestine advocates; to present the chimera of “fairness,” they branch out into other areas and fields, but ZioIsrael is always front and center (“Israel first”). This Russia thing — connect the dots: bottom line is that Russia has delayed the Zionists’ machinations in Syria, Iran, Lebanon (Hezbollah), always tracing back to Palestine, the Zios’ real bugaboo…and recall: the Zionists got rid of Saddam/Iraq in the 9-11/GWOT Dubya era. Therefore, put the vise on any Russian testicles that might possess some assets to assist Russia’s moves to balance out the Mideast.

    Goddammit. The fifth column/treason is right in front of our very eyes…. It’s all part of the criminally psychotic Zionist enterprise of regional-US-West-global “total spectrum dominance.”

    Can anyone say Mossad? I’ll betcha this bitch is a Mossad agent, testifying before the Zio-Occupied US Congress and ridin’ high in hubris and evil plans, snickering all the way. Goddammit.

    (And never forget: it’s the simple/very “threat” of sanctions et al that deters counter actions by such as Russia and other anti-USraeli Empire multi-polarists….)

    Comment by roberthstiver | August 21, 2018 | Reply


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