US to sanction Russian oligarchs over 2016 US election

US to sanction Russian oligarchs over 2016 US election

The Trump administration is reportedly going to impose more sanctions in response to Russia's 2016 election interference, this time targeting wealthy business leaders.

Russia-West relations have sunk to their lowest level since the Cold War following Moscow's 2014 annexation of Crimea and support for separatists in eastern Ukraine and differences over the war in Syria as well as the allegations of Russian meddling in the 2016 US presidential election. The targets for the sanctions will be taken from a classified annex to the report, the official said.

Trump has faced fierce criticism for doing too little to punish Russia for the election meddling and other actions, and Special Counsel Robert Mueller is probing whether his campaign colluded with the Russians, an allegation the president denies.

Foreign nationals are barred from contributing money to American political campaigns. "The time when there were oligarchs in Russian Federation passed long ago, there are no oligarchs in Russian Federation".

The Trump administration will move forward with plans to sanction Russian oligarchs with close ties to Russian President Vladimir Putin, declared American news outlets.

Sources told the news outlet that the move would come under the Countering America's Adversaries Through Sanctions Act (CAATSA), which Congress passed past year to punish Russian Federation for aggressive military action in Ukraine and Syria as well as Moscow's meddling in the 2016 election.

"The administration is committed to implementing the CAATSA law as we have said many times", a senior USA official told the outlet. But Mueller's office has not previously revealed an interest in speaking with Russian oligarchs directly.

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