×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

U.S. Senators Seek to Penalize Russian Banks Funding Assad

A group of U.S. senators have sent a letter to the U.S. Treasury asking for tough sanctions to be placed on Russian banks that they suspect of helping to fund the Syrian government's war effort.

The letter was sent to Secretary of the Treasury Jack Lew by senators Richard Blumenthal, Kelly Ayotte, John Cornyn and Jeanna Shaheen, Politico reported Tuesday.

They want to freeze the accounts of Russian banks to stop them doing business in the United States, and to prevent their employees entering America.

Blumenthal, from the Democratic Party, believes that the Syrian government's troops wouldn't be able to keep fighting without support from Russia's banks.

The letter said that banks like VTB, Vneshekonombank and Gazprombank do business with Syria, undermining existing sanctions from the United States, the EU and the UN.

The senators also pointed to the supposed involvement of Vneshekonombank in the fulfillment of payments for the S-300 rocket system, and VTB securing President Assad's personal assets.

The Treasury refused to comment on the letter, but said that the U.S. authorities were already subjecting the Bashar Assad regime to tough sanctions.

The senators' proposal to sanction Russian banks actually came after the U.S. and Russia came to an agreement on a chemical weapons strategy for Syria.

A number of senators and congressmen have already expressed their disapproval of the deal and have called for the U.S. authorities to turn the screw on Russia over its refusal to see eye-to-eye with the West on a number of issues.

The U.S. has accused the Assad regime of carrying out a chemical attack in Damascus in August, but Russia has disputed the claim, saying that insufficient evidence had been provided.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more