A bipartisan group of senators has introduced a bill that would allow the federal government to more easily seize and liquidate the holdings of Russian oligarchs. SenWhitehouse spoke with KevinTDugan about the bill and its aims
Senator Sheldon Whitehouse holds up a copy of “The Kremlin Playbook” while delivering remarks with Senator Lindsey Graham during a hearing on Russian interference in the 2016 election on May 8, 2017. Photo: Chip Somodevilla/Getty Images Ever since Russia invaded Ukraine on February 24, the aggressive sanctions response by the U.S. has been undermined by the fact that, for decades, Russian oligarchs have laundered their ill-gotten gains through the American financial system.
We were getting pretty solid briefings and warnings that the decision to invade had already been made, and that it was only a matter of time until the actual commencement of hostilities. So we were trying to address how we could improve on the general sanctions regime by allowing more aggressive deployment against oligarchs’ assets. What we’ve tried to do in this bill is to couch the president’s power to seize foreign oligarchs’ assets in the executive national security powers.
So you’re happy with what you’re hearing about the expansion of the rules around beneficial ownership of shell corporations. Can you say more about that? We’ll learn a lot more as the shell corporations have to be opened up to FinCEN, the Treasury’s Financial Crimes Enforcement Network, but I strongly suspect that the bulk of it is real estate. Although, the extent to which hedge funds and stock accounts can compete is unknown. It would be logical to think that real estate is No. 1.No, not really. First of all, we’re dealing with a foreign population of enemy collaborators.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Analysis: Putin fears a coup but it’s not oligarchs who will oust him — it’s the silovikiMen like Alexander Bortnikov, the head of the Russian FSB, will do what\u0027s necessary if they perceive their interests are at risk
Weiterlesen »
New oligarchs could rise from Russia's seizure, sale of foreign assetsA new class of oligarchs could rise from Putin's seizure of Western assets, says an expert in Russian finance
Weiterlesen »
European authorities continue to seize superyachts belonging to Russian oligarchs
Weiterlesen »
Jackson faces initial round of questioning during hearingsSupreme Court nominee Ketanji Brown Jackson will face senators’ questions for the first time as Democrats push to quickly confirm the only Black female justice in the court’s history.
Weiterlesen »
Supreme Court Pick Jackson Faces First Round of QuestioningSupreme Court nominee Ketanji Brown Jackson will face senators’ questions for the first time as Democrats push to quickly confirm the only Black female justice in the court’s history.
Weiterlesen »
Jackson faces initial round of questioning during hearingsSupreme Court nominee Ketanji Brown Jackson will face senators’ questions for the first time as Democrats push to quickly confirm the only Black female justice in the court’s history
Weiterlesen »