A House Democrat Is Targeting Steven Mnuchin's Bus

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A House Democrat Is Targeting Steven Mnuchin's Business Dealings In The Russian Sanctions Fight


Rep. Jackie Speier is seeking answers about Mnuchin’s reported business dealings with a Ukrainian-born billionaire with ties to Oleg Deripaska.

Last updated on January 29, 2019, at 1:12 p.m. ET



WASHINGTON —...............................................

California Rep. Jackie Speier, a member of the House Intelligence Committee, sent a letter to Mnuchin last week seeking answers about a deal he reportedly made in 2017 with an associate of Oleg Deripaska’s, the billionaire aluminum magnate whose companies Treasury surprisingly announced it would be taking off the formal sanctions list in December. The letter, sent Wednesday, was obtained by BuzzFeed News.


Mnuchin’s department has been embroiled in a fight on Capitol Hill over Treasury’s decision to lift sanctions on companies controlled by Deripaska, the oligarch connected to President Donald Trump’s former campaign chair, Paul Manafort. Democrats in Congress — and some Republicans — tried unsuccessfully in recent weeks to block Treasury from lifting the sanctions, which initially shook aluminum markets and reportedly cost Deripaska billions.

Speier said she wants to learn more about Mnuchin’s involvement with Leonid Blavatnik, a Ukrainian-born billionaire with whom he co-owned a Hollywood film company up until 2017.

Mnuchin had to divest from RatPac-Dune Entertainment as part of his confirmation process and disclosed the sale of his shares, but the exact prices and purchasers are unknown. However, the Hollywood Reporter reported that Mnuchin sold the shares to Blavatnik for approximately $25 million.

In the letter, Speier wrote that she had “serious concerns” about the alleged transaction, adding that it is “especially alarming” given a recent New York Times report saying that Deripaska might have gotten a better deal with Treasury than has been publicly disclosed.

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Read more: https://www.buzzfeednews.com/article/emmaloop...kie-speier

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