US tightens Russia sanctions, warns biz of more penalties for partnerships

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US tightens Russia sanctions, warns biz of more penalties for partnerships - Business Standard

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The official insisted on anonymity to preview the announcement on a call with reporters. The official said that removal of the sanctions would require congressional notification.

That step could potentially make it harder for the incoming Republican Trump administration to adjust and change sanctions without drawing public scrutiny. The official stressed that there are new sanctions on 15 companies related to Russia and China that have worked together to avoid existing sanctions. Treasury is sanctioning the following Russian companies as being involved in this scheme: Herbarium Office Management, Atlant Torg, Sigma Partners, Tranzaktsii I Raschety, Arctur and Paylink Limited.