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The
decision announced late Monday night helped nudge up the Russian
ruble, which was also buoyed by higher oil prices on Tuesday.
In a statement, committee Chairwoman Maxine Waters said the
hearing would be held at a future date but gave no other
details. Representatives for the Democratic-controlled panel
could not be immediately reached early on Tuesday morning.
The hearing, entitled “The Use of Sanctions and Economic
Statecraft in Addressing U.S. National Security and Foreign
Policy Challenges,” will examine the efficiency of major U.S.
sanctions programs.
Lawmakers were to examine the Republican Trump administration's
actions toward Moscow, including the U.S. Department of
Treasury's recent ones regarding several Russian companies owned
and controlled by Russian oligarch Oleg Deripaska.
U.S. sanctions were ordered against aluminum giant Rusal and
parent company En+ last year, given Deripaska's influence over
the firms before the billionaire agreed in late 2018 to reduce
his stake.
Deripaska and the largest companies in his portfolio were put on
the U.S. Treasury sanctions blacklist in April for what
Washington said at the time was profiting from their association
with a Kremlin conducting "malign activities" around the globe.
Washington lifted the sanctions against the companies in January
although they still apply to Deripaska.
The United States has also imposed sanctions on North Korea over
its nuclear weapons program,
The Trump administration withdrew the United States from the
2015 international deal with Iran that had lifted sanctions in
return for curbs on Tehran's weapons program and moved to
reinstate sanctions.
It has also imposed sanctions on Venezuela in an effort to
squeeze President Nicolas Maduro's government.
(Reporting by Susan Heavey; Editing by Jeffrey Benkoe)
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