Oleg Deripaska

House Dems: Russia's investments in Kentucky poses national security threat

Russian tycoon Oleg Deripaska
Russian oligarch Oleg V. Deripaska Photo: Kirill Kudryavtsev/AFP/Getty Images

A Russian aluminum company has approved a $200 million investment in a planned mill in Ashland, Ky., to which Democrats wrote a letter to Treasury Secretary Steven Mnuchin, calling on the Trump administration to investigate the deal, expressing concern about Russian influence and national security.

"Russia remains a central threat to U.S. national security and prosperity and is, along with China, one of our most aggressive and capable adversaries. The proposed investments by En+ - a company that is majority owned by a U.S.-sanctioned Russian national and Russian state bank - in an American aluminum mill, raises serious questions of national security, particularly given the mill promises to supply materials to the Department of Defense."
— House Democrats in a letter to Treasury Secretary Steven Mnuchin

Treasury misses deadline to hand over documents on Deripaska sanctions

Mnuchin and Maxine Waters
Treasury Secretary Steve Mnuchin and House Financial Services chair Maxine Waters. Photos: Eitan Abramovich; Pete Marovich via Getty Images

The Treasury Department missed a Tuesday deadline to hand over documents to the House Financial Services Committee explaining its decision to ease sanctions on companies owned by Russian oligarch Oleg Deripaska, Politico reports.

The big picture: The Trump administration's decision to drop sanctions on companies owned by Deripaska, an ally of Vladimir Putin and former employer of Paul Manafort, drew bipartisan ire from lawmakers last month. Financial Services chair Maxine Waters spoke to Treasury Secretary Steve Mnuchin Wednesday in an effort to find a "mutually agreeable date" for him to testify before the committee, a Treasury spokesperson told Politico. Mnuchin declined an offer to do so next week, but may face a subpoena if he continues to resist.

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