NEWSWATCH: “Zapret a manger: Russia’s elites face growing sanctions pressure” – Bear Market Brief/Max Hess

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

“[With the Treasury Department’s April 6, 2018, sanctions announcement,] [s]even Russians explicitly labeled oligarchs … their main Russian businesses, and 17 government officials were added to the list of Specifically Designated Nationals (SDN) … [who] have their U.S. assets frozen, while U.S. persons are barred from doing business with them. … a tactical escalation of the U.S. sanctions …. expanded … to include … Putin’s inner circle and associated business figures …. they could be an opening salvo saying sanctions can and will be used to actively push … Russian elites back into Russia proper. … …. a clear message that … Treasury is seeking to counteract Russian elite’s international reach …. the Kremlin must now decide whether it should also marshal support and funds for the affected elites’ interests. * * * Treasury’s escalation of sanctions spell out what it could go after next: the Kremlin’s ties to organized crime. …

 

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