U.S. to sanction Russian oligarchs under law targeting election meddling

President Donald Trump right and Russia President Vladimir Putin in November at the APEC Summit

Four sources said the sanctions would be imposed under the Countering America's Adversaries Through Sanctions Act, also known as CAATSA, which was passed by Republicans and Democrats seeking to punish Russian Federation for its 2014 annexation of Crimea from Ukraine, involvement in the Syrian civil war and meddling in the 2016 US presidential election.

The sanctions could be announced as soon as Thursday, U.S. officials told Reuters.

Rep. Andy Biggs says the Trump administration's decision to impose sanctions for Russian interference with the presidential election, national grid are a necessary first step, show American resolve.

The action, which could affect people close to President Vladimir Putin, reflects Washington's desire to hold Russian Federation to account for allegedly interfering in the election - which Moscow denies - even as US President Donald Trump holds out hope for good relations with Putin. That's of interest because foreign nationals are prohibited from donating to U.S. campaigns.

Mueller's team has stopped two Russian oligarchs who recently made trips to the United States, searching at least one, and has made an informal overture to a third requesting an interview and documents, CNN reported Wednesday.

The new sanctions will reportedly target Russian oligarchs, some of whom have ties to both President Vladimir Putin and the Kremlin. "The time when there were oligarchs in Russian Federation passed long ago, there are no oligarchs in Russian Federation".

President Donald Trump right greets Russian Foreign Minister Sergey Lavrov left last July prior his talks with Russian President Vladimir Putin center during the G20 summit in Hamburg Germany
US Imposes Sanctions on 38 Russian Businessmen, 17 Officials and Companies

Sources told the news outlet that the move would come under the Countering America's Adversaries Through Sanctions Act (CAATSA), which Congress passed a year ago to punish Russian Federation for aggressive military action in Ukraine and Syria as well as Moscow's meddling in the 2016 election.

The White House and Treasury declined comment on whether they planned to impose sanctions this week.

The administration is trying to satisfy pressure from Congress to act on a sanctions law passed last summer, the official said.

Another oligarch was stopped during a recent visit to the United States, but there were no details if he was searcher, the report said citing a person briefed on the event.

None of the three Russians were identified by CNN's sources.

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