US Treasury Dept to ease sanctions on Russian Federation - big RUB move

The report said it would affect devices with an encryption feature including cell phones and tablets.

Those products had not been meant to be covered by the sanctions which the Obama administration imposed on December 29 after us intelligence agencies concluded that Russian Federation meddled in the 2016 presidential election.

The December sanctions were put in place after Obama charged that the Russians sought to affect USA elections via cyber-espionage.

McCain stepped out with a statement after the White House announced the Treasury Department had issued a license permitting certain transactions with the FSB, which has been sanctioned over alleged interference in the 2016 U.S. presidential election.

"On the one hand, this kind of course correction happens all the time, particularly when a set of sanctions had some collateral damage on United States security interests or the operation of fundamental global banking activities or business operations", Rosenberg added.

Russian leader Vladimir Putin has always denied hacking accusations.

A recent story from The Moscow Times said RBC newspaper warned that the sanctions could affect the importation of electronics to Russian Federation.

During the White House press briefing on Thursday, Sean Spicer pushed back on the developing narrative that the Trump administration was reversing the sanctions issued by the Obama administration.

"It is a regular course of action that Treasury does often when sanctions are imposed", he said at his daily news conference. This change marks a divergence between the current and previous administration, which put the sanctions in place.

"This is the same group (FSB) that, just a month ago, our intelligence community determined was responsible for the attack on our democracy", Swalwell told USA TODAY.

But US Rep. Eric Swalwell, a Democrat from California, said the change would help Russian Federation.

USA intelligence agencies accused the FSB of involvement in the hacking of Democratic Party entities during the last election in an effort to undermine faith in the American democratic system, hinder former Secretary of State Hillary Clinton and help Donald Trump win.

  • Wendy Palmer