A list of potential targets was drawn up last month in anticipation of Monday’s deadline for implementing secondary sanctions. Rep. Eliot Engel (D-N.Y.), the top Democrat on the House Foreign Affairs Committee, said he was “fed up” with the administration’s failure to punish Russia over election interference. “It’s an example of public shaming,” said Adam Smith, a former Treasury Department adviser on sanctions. Congress also asked Treasury to analyze how sanctions would affect Russia’s sovereign bonds, which could increase borrowing costs and devalue the ruble. “The weird part of this is, while the relationship is bad between Moscow and Washington, it’s worse between the White House and Congress,” Smith said.

Source: Washington Post January 30, 2018 00:56 UTC