: Bloomberg: U.S. plans to match leaked data to Russia sanctions list, says source

11:23 Apr. 7, 2016

Bloomberg: U.S. plans to match leaked data to Russia sanctions list, says source

Russian President Vladimir Putin enters a hall to attend a meeting of the Presidential Council for Culture and Art in the Kremlin in Moscow, Russia, Dec. 25, 2015 (AP Photo)

Treasury seeks to identify people assisting violators

The U.S. plans to search the millions of documents leaked from a Panamanian law firm for information about people who may have helped companies or individuals evade sanctions related to Russia's role in destabilizing Ukraine, a person familiar with the matter said.

Read also Canada wants anti-Russian sanctions to be maintained or strengthened

These people could be added to the U.S. Treasury Department's list of sanctioned parties. In July and December last year, the Treasury's Office of Foreign Assets Control, known as OFAC, named individuals and companies that it said were helping associates of Russian President Vladimir Putin get around the sanctions

The Treasury could release a new list as early as June, which would coincide with the expected timing of the next vote by European Union countries on whether to extend their sanctions against Russia, matching the coordinated timing of the last two expansions.

Watch also Revealed: Most high-profile offshore account holders in Eastern Europe, ex-Soviet states (GRAPHICS)

"Clearly this trove of documents has the potential to give OFAC a number of leads and to help build the actual evidence" to support new designations, said Peter Harrell, a former deputy assistant secretary of state for counter-threat finance and sanctions.

He added that he expected the EU to vote to extend sanctions against Russia for an additional six months.

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