It seems there will be more sanctions soon. The US Department of Treasury released a report listing Kremlin-connected individuals that had disturbed officials even before its publication. As a result, assets of Russian oligarchs in the list slumped by $1 billion and some of their business deals fell through.
Somehow, the oligarch list completely coincided with the last year’s Forbes list of Russian billionaires. People in the list are owners of semi-public companies and individuals close to Russian President Vladimir Putin. The report was made thanks to the Countering America’s Adversaries Through Sanctions Act (Caatsa). The next step of the White House administration within the Caatsa should be discussion of possible extension of sanctions against Russia. Most experts believe that the ban will be extended. The listed individuals have not faced any restrictions yet, like assets freeze or travel bans. However, some banks and institutions in the US and Europe has already refused to work with these people.
Meanwhile, 114 people out of 210 are senior political figures in Russia. For now, the so-called Kremlin report is more of a last warning than sanctions, but this warning is likely to be followed by further isolation.
