Politics

Trump Administration eases US economic sanctions on Russian intelligence

The Treasury Department on Thursday issued new rules that ease economic sanctions placed on Russia by President Obama in reaction to Russian interference in the 2016 elections, as the Trump Administration will now allow U.S. companies to sell a limited amount of goods and technology to Russia’s FSB, the intelligence successor to the KGB.

The announcement came in a bureaucratic-sounding release from the Office of Foreign Assets Control at the Treasury Department, which amended earlier executive orders issued by President Obama; the change allows American companies to do no more than $5,000 of business with the FSB each year.

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