Brown Statement on Resolution of Disapproval of Treasury’s Decision to Delist Russian Firms from Sanctions

WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – released the following statement on his vote to disapprove the U.S. Treasury Department’s decision in December to terminate sanctions for three Russian companies connected to sanctioned Russian oligarch Oleg Deripaska: EN+ Group Plc, JSC EuroSibEnergo, and United Co. Rusal Plc. 

“President Trump has consistently resisted applying tough Congressionally-mandated sanctions on Russia and failed adequately to punish Putin’s efforts to meddle in our elections or swallow ever greater chunks of Ukraine. I voted against this Treasury deal because it could allow sanctioned Russian oligarch Oleg Deripaska to remain in the driver’s seat on key decisions, especially in the context of Putin’s Russia, where orders by Kremlin operatives rule the day,” said Brown.  “I’m also concerned the deal allows Deripaska to profit financially. I am frustrated that most of my Republican colleagues voted today to allow this deal to go forward. If Treasury now moves to implement it, I will insist on regular reporting to Congress on its enforcement. If any of the parties fail to comply, the administration must snap back sanctions.”

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