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Oleg Deripaska. Photo: Sergei Savostyanov/TASS via Getty Images

Treasury Secretary Steven Mnuchin will appear before the chairs of seven House committees in a classified briefing Thursday afternoon on the administration’s decision to lift sanctions against Russian aluminum giant Rusal. The decision along with its accompanying deal would reduce oligarch Oleg Deripaska’s ownership stake and control of the company (Deripaska has been linked to Paul Manafort).

Why it matters: If Congress demands answers to the right questions, it could improve Russia sanctions policy, but Rusal makes for a poor target. The Treasury Department has repeatedly delayed implementing the sanctions in order to avoid a catastrophic break with European allies, whose high-end manufacturers depend on Rusal for aluminum and cannot easily find new suppliers.

Background: Deripaska and his companies were designated in April 2018 for secondary sanctions that would have imposed severe penalties on non–U.S. firms doing business with them.

  • European manufacturers — and automakers in particular — would be squeezed by tight supply in the aluminum market, especially since it can take up to a year to validate a new supplier. BMW cannot sell an $80,000 car without complete confidence in its aluminum quality.
  • The administration notified Congress of its plan just before the holiday recess and government shutdown, cutting into the legislature's 30-day window to review the deal and consider a “resolution of disapproval” that would leave sanctions in place.

Between the lines: Mnuchin's briefing marks a belated introduction to congressional oversight for Trump's Cabinet. Although the administration made a mess with Rusal sanctions, Congress should not respond by forcing sanctions that would hurt allies more than adversaries.

  • It's hard to know how much the sanctions would hurt Deripaska himself: He would lose access to some assets, but that's likely a small inconvenience considering his wealth.
  • Deripaska and his fellow oligarchs are not the real targets of the sanctions, and shifting ownership structures would not put any pressure on Putin and the Kremlin. If anything, wealthy Russians might be reminded of how dependent they are on the regime.
  • Ultimately, Rusal sanctions miss their target. The U.S. does not have much leverage when the collateral damage includes important European employers.

The bottom line: With the Treasury Department losing technical staff, tactical mistakes like this become more likely. Congress should pursue further oversight of sanctions that were poorly implemented in 2018 and insist on a strategic approach to high-priority objectives, especially to discourage meddling in the elections of the U.S and its allies.

Jarrett Blanc is a senior fellow in the Geoeconomics and Strategy Program at the Carnegie Endowment for International Peace.

Go deeper

Scoop: Over 200 papers quietly sue Big Tech

Illustration: Allie Carl/Axios

Newspapers all over the country have been quietly filing lawsuits against Google and Facebook for the past year, alleging the two firms monopolized the digital ad market for revenue that would otherwise go to local news. 

Why it matters: What started as a small-town effort to take a stand against Big Tech has turned into a national movement, with over 200 newspapers involved across dozens of states.

Axios-Ipsos poll: Shrugging off Omicron

Expand chart
Data: Axios/Ipsos poll; Note: The last question only includes 589 employed respondents; Chart: Kavya Beheraj/Axios

Most Americans aren't willing to make big changes in their behavior to minimize the risk from the Omicron variant, like avoiding indoor restaurant dining or cancelling their holiday travel plans, according to a new Axios-Ipsos poll.

The big picture: The poll found support for some broader public responses, including one — travel bans aimed at people from other countries — that was widely supported by people across the political spectrum. But it found that Americans are only willing to do so much on their own.

Rohingya refugees sue Facebook over Myanmar hate speech

Internally displaced Rohingya peoples at a market area in the Baw Du Pha IDP Camp in Sittwe in Myanmar's western Rakhine state. Photo: STR/AFP via Getty Images

Rohingya refugees accused Facebook in a $150 million lawsuit filed Monday of amplifying hate speech against the persecuted minority Muslims in Myanmar via algorithms and failing to take down inflammatory posts.

Why it matters: Thousands of Rohingya Muslims have been killed in Myanmar in what the United Nations deemed a genocidal campaign. Tens of thousands of others have been displaced, notably following a massacre by Myanmar's military in 2017.