Russia's Deripaska calls U.S. sanctions 'groundless, ridiculous'

Oleg Deripaska attends an agreement signing ceremony with the Krasnoyarsk region's government in Moscow Russia

Officials listed Russia's "occupation of Crimea, instigation of violence in Eastern Ukraine, support for Assad in Syria, and ongoing malicious activity", including cyberactivity, as reasons for the economic sanctions.

The Treasury Department sanctions on seven Russian oligarchs and 12 companies they own or control, plus 17 senior Russian government officials, are likely to complicate US President Donald Trump's hopes for good relations with Putin.

Among the companies targeted by the U.S. include GAZ Group, Russia's leading manufacturer of commercial vehicles owned by Deripaska, and Russian Machines and Renova Group, which is comprised of investment funds and management companies operating in the energy sector in Russia.

The oligarchs targeted have close ties to Russian President Vladimir Putin and include Kirill Shamalov, his former son-in-law.

Russian oligarch Suleiman Kerimov, who was arrested in France late previous year and named in the list of sanctioned individuals, also appeared in a recent BuzzFeed News investigation into Russian cyberactivity.

"Nobody has been tougher on Russian Federation than I have", Trump said at a news conference on Tuesday. And last month, the USA targeted 19 Russians and five Russian entities with sanctions in the first use of the new sanctions powers Congress passed previous year in response to the election meddling. Shamalov married Putin's youngest daughter Katerina in 2013, multiple sources who were at the wedding told Reuters.

Those being punished aren't necessarily involved in the Russian actions in Syria, Ukraine or elsewhere that have drawn consternation from the West.

Ohio State Hockey's Run Ends in Semifinal Of Frozen Four
MI arguably had better quality scoring chances late in the third period, but that didn't matter when all was said and done. Wolverines' coach Mel Pearson has said throughout the season that the name of the game is speed and grit.

Manchester City' star Kevin De Bruyne enjoying 'most complete season'
Meanwhile, City's star performer this season played down the events, saying he's used to that sort of hostile environment. Have your say below and get involved in the debate in the comments section.

More snow expected Friday evening
Wednesday won't be almost as warm, as the high will only reach the low 40s and the low will dip into the mid 20s. Current predictions indicate Saturday will be chilly-with a high near 42 degrees-and cloudy, but dry.

U.S. Special Counsel Robert Mueller is investigating whether Trump's election campaign colluded with Russian Federation, something that Trump denies.

As a result, all assets subject to U.S. jurisdiction of the designated individuals and entities, and of any other entities blocked by operation of law as a result of their ownership by a sanctioned party, are frozen, and USA persons are generally prohibited from dealings with them.

"Congressman Joaquin Castro ... and Congressman Mike Turner... introduced the bipartisan Stand with UK Against Russia Violations Act in response to Russia's nerve agent attack against Sergei and Yulia Skripal in the United Kingdom last month", the release said.

On the London Stock Exchange, global depositary receipts of En+, an energy company majority-owned by Deripaska, dropped by 19 percent on news of the sanctions.

Foreign contributions are barred in USA elections.

USA officials confirmed that their action against the oligarchs was in part related to Russia's alleged interference in the us vote, but stressed the broader nature of their concerns.

In announcing the sanctions, Treasury Secretary Steven Mnuchin said in a statement, "The Russian government operates for the disproportionate benefit of oligarchs and government elites". The administration has also expelled dozens of Russian diplomats and shut down two Russian consulates in response to Russian behaviour, including the poisoning of an ex-spy in Britain that has been blamed on Moscow.

Related news:

Hot News

isis-killer-beheading-video-story-top Amazon Alexa works with United Kingdom police force
Apr 07, 2018 - 00:43
Now, families with Echo devices in their home can do just that, thanks to a new "Alexa Announcements" feature that's rolling out. The WeMo Mini Smart Plug lets you control whatever device is connected to it - such as your lights - with Alexa voice commands.

US Fed raises interest rates, signals two more rate hikes in 2018
Apr 07, 2018 - 00:42
They know inflation is rearing its ugly head, and the Feds will try to slow it down with another interest rate hike. According to Reuters, following the announcement stocks extended their gains, while the dollar fell.

isis-killer-beheading-video-story-top State joins others to sue U.S. over census question
Apr 07, 2018 - 00:20
Yet despite these findings, the Trump administration is going forward with asking individuals if they're a US citizen or not. The lawsuit accuses the Trump administration of breaking with decades of practice in demanding to know citizenship status.

isis-killer-beheading-video-story-top Brazil Judge Gives Lula 24 Hours To Turn Himself In
Apr 06, 2018 - 04:13
Lula claims the charges are politically motivated, and created to prevent him from running for president in October. The decision as to whether Lula can stand for president will rest with the Superior Electoral Court (TSE).

isis-killer-beheading-video-story-top Fortnite Update 3.4 Will Add Vending Machines
Apr 06, 2018 - 04:09
Like weapons themselves, you'll find them across the map in Common, Uncommon, Rare, Epic, and Legendary varieties. One of the challenges this week requires players to find hidden gnomes in named locations on the map .

isis-killer-beheading-video-story-top Cristiano Ronaldo Blown Away By Juventus Fan Reaction to Bicycle Kick Goal
Apr 06, 2018 - 04:02
Ronaldo exchanged passes with Benzema before poking the ball to James Rodriguez, who then lofted it into the box. Speaking about receiving a standing ovation, he added: "It was one of the most poignant moments of the night".

isis-killer-beheading-video-story-top North American stocks sink after US and China announce tariffs, loonie slips
Apr 05, 2018 - 01:27
On Monday, China returned fire by imposing similar measures on $3 billion worth of US pork, fruit and other items. The pain extended to U.S. companies that could be harmed by the planned sanctions.

isis-killer-beheading-video-story-top Maya Angelou honored with Google Doodle on her 90th birthday
Apr 05, 2018 - 01:26
Maya moved to NY in 1959, to concentrate on her writing career, and joined the Harlem Writers Guild. This autobiography and her subsequent works earned her global recognition and numerous awards.

isis-killer-beheading-video-story-top Spotify saves millions with unusual stock market debut
Apr 05, 2018 - 01:25
Investors will most likely weigh the company's potential for growth, considering its 12-year streak of failing to turn a profit. Its shares have revalued over 80% in the past year . "Spotify has never been a normal kind of company".

isis-killer-beheading-video-story-top John Harbaugh: Ravens 'got a steal' landing Robert Griffin III
Apr 05, 2018 - 01:23
- The Baltimore Ravens have announced they have agreed to a one-year deal with former Redskins quarterback Robert Griffin III . Ravens Head Coach John Harbaugh is optimistic about the signing; saying the deal was a bargain and that it improved the team.

isis-killer-beheading-video-story-top Spider-Man PS4 Release Date Revealed
Apr 05, 2018 - 01:23
Today, Sony and Insomniac announced a release date for the PS4-exclusive game , almost two years after it was first announced. The City That Never Sleeps will have three chapters that include a new mission, villains, suits, and more for Spider-Man.

isis-killer-beheading-video-story-top Chinese space station Tiangong 1 ends in a fiery demise
Apr 05, 2018 - 01:22
China's Tiangong-1 reentered Earth's atmosphere at 17,000 miles per hour and crashed into the Pacific Ocean Sunday evening. Tiangong-1, translated to " Heavenly Palace 1 " or "Celestial Palace 1", was China's first prototype space station.

Google's AI chief steps down, Apple hires him the next day
Apr 05, 2018 - 01:22
Giannandrea has helped integrate AI into a variety of Google products such as Gmail, Search, and the Google Assistant . On the debate over whether humanity should be anxious about the rapidly accelerating improvements in A.I., Mr.

isis-killer-beheading-video-story-top John Krasinski Recalls Hilarious Customs Exchange Over His Marriage to Emily Blunt
Apr 05, 2018 - 01:22
Blunt said she is more similar to her nurturing mom character, Evelyn, than Krasinski is to Lee, the "old-school guy" he plays. AT THIS STAGE, we all know that John Krasinski was a major fan of Emily Blunt long before he met her, let alone married her.

isis-killer-beheading-video-story-top Prince Philip Confessed to hospital for Operation
Apr 05, 2018 - 01:14
He retired from public life a year ago but has since appeared several times at royal engagements alongside Queen Elizabeth. Buckingham Palace said in a short statement: "The Duke of Edinburgh has undergone a successful hip replacement operation".