The US sanctions on Russia hurt Putin's wealthy allies. The businesses of Alisher Usmanov were exempt from sanctions by the US Treasury. The move makes it legal for the entities to do business with US companies. The WSJ reported that officials feared that blocking his businesses could disrupt global trade. The US Treasury made exemptions to sanctions on the Russian businessman who is thought to have a net worth of $18.6 billion. Current and former Treasury employees told The Wall Street Journal that the US feared that blocking the hundreds of businesses believed to be connected to Usmanov could wreak havoc on the global economy. The US focused sanctions on assets that were personally linked to the man, rather than his business entities. The Journal reported that the move was an example of sanctions put in place to avoid outsized impact on the US economy and the potential burden of any lawsuits filed against the Treasury. On March 3, the Treasury issued a special license allowing all transactions and unblocking all property of any entity owned 50 percent or more, directly or indirectly, by Usmanov, as long as the business is not sanctioned. If a business has a majority stake that is owned by a blacklisted person, it will not be allowed to do business with US companies. In an email exchange dated March 1 reviewed by the WSJ, the Treasury official detailed the plan for watering down sanctions against the man. The Journal had a request for comment from Palluconi. According to The Journal, the decision to limit the sanctions on Usmanov was partly influenced by a desire to avoid potential lawsuits from the oligarch, which could eat into the department's limited resources. Financial sanctions on Russian elites immediately cut them off from their wealth, their ability to make or receive payments, their travel, and their ability to extract revenue from their companies. His business holdings are large. He is the controlling shareholder of OOO USM Holding Co., an investment group that owns iron Ore supplier Metalloinvest and Udokan copper, both of which claim to have Russia's largest undeveloped copper deposits. USM is a subsidiary of the Russian telecommunications company MegaFon. The Russian business newspaper Kommersant and the real-estate developer Khimki Group were both purchased by Usmanov. A USM spokesman told the Journal that the oligarch has previously called the sanctions levied against him by the US, UK, and EU unfair. The Wall Street Journal has more on the decision-making behind the sanctions. The original article is on Business Insider. New legal powers were put in place by Britain on Wednesday to prohibit maintenance on aircraft and ships belonging to specific Russian oligarchs or their businesses. Russia's access to the international financial system, industries like shipping and defence, and wealthy elites close to President Putin have been targeted. 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An increase in need doesn't mean that you should just throw out old food. The acorn squash problem is currently being dealt with by food banks across the country. Social media users noticed that the round table had only a dozen men at the luncheon with Bill Gates. Covid was the most read from the company. You may hold the key to defeating the virus. You probably have a photographic memory if you can name these car parts. The Los Angeles Rams are adding a 6-time All-Pro to their defense. The demilitarization of Russia is under way according to the ambassador. According to the White House, intelligence officials have determined that Putin is being misled by advisers about his military's poor performance in Ukraine. The intel says advisers are scared to tell him the truth. The findings show that Putin is aware of the situation and that there is tension between him and senior Russian military officials.
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