House committee chiefs press Mnuchin for answers on sanctions relief for Russian oligarch

A group of Democrats leading seven powerful House committees are calling on the Trump administration to delay its decision to ease sanctions on businesses linked to a prominent Russian oligarch, while demanding further information about the move.

The seven chairmen requested on Tuesday that Treasury Secretary Steven MnuchinSteven Terner MnuchinTreasury expands penalty relief to more taxpayers China says it will investigate firms sanctioned by US for helping North Korea Treasury targets two Chinese shipping firms under North Korea sanctions MORE brief lawmakers about the decision to terminate sanctions against three companies tied to Oleg Deripaska, a billionaire aluminum magnate with close ties to Russian President Vladimir Putin.

The lawmakers argued in a letter to the Treasury chief that they have not been given sufficient time to review the sanctions decision before the government shutdown began. They asked for Mnuchin to fulfill this request by Friday.

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"The notification to Congress was delivered just prior to an adjournment for an extended recess and during which time a government shutdown ensued, which makes it difficult to complete our review of this matter within the 30-day period provided in CAATSA," the lawmakers wrote, referring to bipartisan legislation passed last year authorizing new sanctions on Russia.

"We request that you be available for a meeting with all interested Members, in an appropriate setting to allow for a full discussion of all aspects of the agreement, the sanctions termination and the impact these decisions would have on the U.S. effort to end Russia's malign activities aimed at our country," they continued, describing Deripaska as "a Russian oligarch who has abetted the Putin Regime's malign activity against the United States."

The lawmakers scrutinized Deripaska's current business ties connected to these three companies — Rusal, EN+ and EuroSibEnergo. While Deripaska has reduced his ownership stake in each of the companies to below 50 percent, the Democratic lawmakers expressed concerns about his stake in the company, pointing out that  he keeps "intact significant ownership of EN+."

They argued that they must have these questions resolved "in order to fully assess whether the U.S. agreement and the sanctions terminations are justified."

The lawmakers who signed onto the letter include Reps. Richard NealRichard Edmund NealOn The Money: Liberal groups pressure Dems over Trump's tax returns | Top Trump economist says tax cuts powering economy | Trump Jr. slams Theresa May over Brexit delay | Watchdog warns of 'rosy' assumptions in Trump budget Liberal groups step up pressure on Dems to request Trump's tax returns The retirement crisis is real MORE (D-Mass.) who chairs the House Ways and Means Committee, Maxine WatersMaxine Moore WatersMan who threatened to kill Obama, Maxine Waters faces up to 20 years in prison Dems concerned impeachment will make Trump 'appear like a victim,' says pollster Trump calls Biden 'low I.Q. individual' after verbal slip MORE (D-Calif.) who chairs the Financial Service Committee, Eliot EngelEliot Lance EngelHillicon Valley: Kushner accused of using WhatsApp, personal email for official work | White House rejects request for Trump-Putin communications | Facebook left 'hundreds of millions' of passwords unsecured | Tech pressured to root out extremism White House rejects Dem request for documents on Trump-Putin communications The Hill's Morning Report — Trump readies first veto after latest clash with Senate GOP MORE (D-N.Y.) who chairs the Foreign Affairs Committee, Adam SchiffAdam Bennett SchiffThe Hill's Morning Report — Washington readies for Mueller end game Hillicon Valley: Kushner accused of using WhatsApp, personal email for official work | White House rejects request for Trump-Putin communications | Facebook left 'hundreds of millions' of passwords unsecured | Tech pressured to root out extremism Five things to watch for as White House readies for Mueller report MORE (D-Calif.) who chairs the House Intelligence Committee, Elijah CummingsElijah Eugene CummingsOvernight Health Care: Senators seek CBO input on preventing surprise medical bills | Oversight panel seeks OxyContin documents | Pharmacy middlemen to testify on prices | Watchdog warns air ambulances can put patients at 'financial risk' Hillicon Valley: Kushner accused of using WhatsApp, personal email for official work | White House rejects request for Trump-Putin communications | Facebook left 'hundreds of millions' of passwords unsecured | Tech pressured to root out extremism Cummings says Ivanka Trump not preserving all official communications MORE (D-Md.) who chairs the Oversight and Reform Committee, Jerrold Nadler (D-N.Y.) who chairs the Judiciary Committee, and Bennie ThompsonBennie Gordon ThompsonHillicon Valley: Kushner accused of using WhatsApp, personal email for official work | White House rejects request for Trump-Putin communications | Facebook left 'hundreds of millions' of passwords unsecured | Tech pressured to root out extremism Lawmakers urge tech to root out extremism after New Zealand Hillicon Valley: Nunes sues Twitter for 0 million | Trump links tech giants to 'Radical Left Democrats' | Facebook settles suits over ad discrimination | Dems want answers over spread of New Zealand shooting video MORE (D-Miss.) who chairs the Homeland Security Committee.

The administration announced the plan to ease up sanctions on Deripaska's businesses in December, after they had been imposed in April under CAATSA, a law that was passed by Congress to punish Russia for interfering in the 2016 presidential election. The decision came three days before the government entered a partial shutdown on Dec. 22.

Under the administration's current plan to ease sanctions on the businesses, Deripaska will remain sanctioned and his property blocked. 

“Treasury sanctioned these companies because of their ownership and control by sanctioned Russian oligarch Oleg Deripaska, not for the conduct of the companies themselves,” Treasury Secretary Steven Mnuchin said in a statement at the time.

“These companies have committed to significantly diminish Deripaska’s ownership and sever his control. The companies will be subject to ongoing compliance and will face severe consequences if they fail to comply,” he continued.