Treasury's Mnuchin defends U.S. decision to lift sanctions on Russian firms


  • World
  • Friday, 11 Jan 2019

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks to the news media after giving a television interview at the White House in Washington, U.S. December 3, 2018. REUTERS/Leah Millis/File Photo

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin insisted on Thursday that the Trump administration would keep tight control on companies linked to Russian oligarch Oleg Deripaska, despite last month's decision to ease restrictions on the firms.

"Treasury will be vigilant in ensuring that En+ and Rusal meet these commitments. If these companies fail to comply with the terms, they will face very real and swift consequences, including the reimposition of sanctions," Mnuchin said in a statement released before a closed-door briefing for the House of Representatives.

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