Treasury Secretary Steven MnuchinSteven MnuchinMnuchin and McConnell discuss debt limit during brief meeting Major Russian hacking group linked to ransomware attack on Sinclair: report The Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks MORE met with Senate Republicans on Tuesday ahead of a key vote on Russia sanctions to prevent GOP defections on a Democratic-sponsored resolution that could embarrass President TrumpDonald TrumpOmar, Muslim Democrats decry Islamophobia amid death threats On The Money — Powell pivots as inflation rises Trump cheers CNN's Cuomo suspension MORE.
Senate Republican Whip John ThuneJohn Randolph ThuneSenate nearing deal on defense bill after setback Congress's goal in December: Avoid shutdown and default No deal in sight as Congress nears debt limit deadline MORE (S.D.) said ahead of Mnuchin’s lunchtime briefing that it would factor heavily into GOP colleagues’ votes on a resolution disapproving of the Treasury Department’s proposals to relax sanctions on a Russian oligarch, Oleg Deripaska, connected to Russian intelligence and organized crime.
Asked whether he would vote for the resolution, Thune said, “We’re going to get a briefing on that at noon today so I think a lot of our members are anxious to ask questions.”
“We’ll see how that goes,” he said, adding whether the motion of disapproval advances “is still kind of an open question.”
Mnuchin was spotted walking into the Senate Republican luncheon a short time afterward.
The Treasury secretary told lawmakers that sanctions on three Russian companies should be eased in accordance with U.S. law because Deripaska’s ownership in the entities has fallen below 50 percent and he doesn’t control them.
“That ownership has now fallen beneath 50 percent, which is the threshold established by the law. And so following the law, the sanctions on the public company should be removed,” said Sen. Bill CassidyBill CassidySunday shows preview: New COVID-19 variant emerges; supply chain issues and inflation persist Legislators look to expand health care access through telehealth, biosimilars Infrastructure deal is proof that Congress can still do good, bipartisan work MORE (R-La.), summarizing Mnuchin’s argument.
Cassidy said that Mnuchin also noted that European or American executives sit on the corporate boards of the companies in question.
“There is an issue of control as well as ownership. Now eight of the 12 members are Europeans or Americans, each of whom has passed a vetting process by our folks. So it feels as if control has also been ceded,” he said.
Sen. Susan CollinsSusan Margaret CollinsBiden signs four bills aimed at helping veterans The Hill's Morning Report - Presented by Facebook - The omicron threat and Biden's plan to beat it Senate GOP blocks defense bill, throwing it into limbo MORE (R-Maine), however, a pivotal moderate, said she wanted to review a separate intelligence assessment before deciding how to vote.
"I'm on my way to Intel and I want to read another document over there," she told reporters. "I have concerns about the Treasury's proposal."
Senate Democratic Leader Charles SchumerChuck SchumerThe Hill's Morning Report - Presented by Facebook - The omicron threat and Biden's plan to beat it Lawmakers take aim at 'Grinches' using bots to target consumers during holidays Democratic frustration growing over stagnating voting rights bills MORE (D-N.Y.) is pushing for a vote on the resolution, which is expected to take place about 4 p.m. Tuesday.
It would disapprove of the Treasury’s proposal to relax sanctions on three companies owned and controlled by Deripaska, who has ties to Russian President Vladimir Putin, Russian intelligence and organized crime, according to Schumer.
“Putin’s government, one of Russia’s largest banks, and the Russian economy have a direct interest in sanctions relief for Deripaska’s companies. Why is the Trump Administration proposing sanctions relief when President Putin has not yet made any move to curtail or constrain his malign activities around the globe?” Schumer asked on the Senate floor Tuesday morning.
The measure needs a simple-majority vote to begin debate. If Tuesday’s procedural motion is successful, the resolution would still need 60 votes to overcome a filibuster and another simple-majority vote to pass.
Schumer argued in a "Dear Colleague" letter sent to every member of the Senate on Monday that sanctions relief would provide a much-needed boost to the Russian economy.
“Removing sanctions on these companies will benefit the Russian government, since the export of metals such as aluminum is a key revenue generator for Russia,” he wrote. “This sanctions relief, in turn, may help buttress the Russian economy.”
President Trump's former campaign chairman, Paul ManafortPaul John ManafortCountering the ongoing Republican delusion Yellen should utilize the resources available before pushing new regulations Huawei paid Tony Podesta 0K for White House lobbying MORE, reportedly offered Deripaska private briefings on the campaign during the 2016 election, something that special counsel Robert MuellerRobert (Bob) MuellerAn unquestioning press promotes Rep. Adam Schiff's book based on Russia fiction Senate Democrats urge Garland not to fight court order to release Trump obstruction memo Why a special counsel is guaranteed if Biden chooses Yates, Cuomo or Jones as AG MORE’s team has reviewed.
Schumer argued in his letter that the Treasury Department should not ease sanctions on Deripaska’s companies before knowing the conclusions from Mueller’s investigation.
“Just days ago, it was revealed that former Trump campaign chairman Paul Manafort provided Trump campaign polling data to Konstantin Kilimnik, a close associate of Mr. Deripaska,” Schumer wrote. “Mr. Deripaska’s deep financial and business ties to Paul Manafort are well documented. Federal court filings indicate that at one point Mr. Manafort owed Mr. Deripaska as much as $10 million.”