• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Thursday, September 28, 2023
Cameron County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News

Ukraine Invasion Leads US Lobbyists To Ditch Russian Clients – Oregon Public Broadcasting

by NewsReporter
March 2, 2022
in News
Reading Time: 4 mins read
ukraine-invasion-leads-us-lobbyists-to-ditch-russian-clients-–-oregon-public-broadcasting
Share on FacebookShare on Twitter

WASHINGTON (AP) — A half-dozen U.S. lobbying firms severed ties with Russian-linked businesses over the past week, a dramatic pullback for an industry that often has few qualms about representing controversial interests.

The rush offers a measure of the potency of the Biden administration’s new sanctions, which were levied after Russian President Vladimir Putin ordered the invasion of Ukraine last week. They make it difficult, if not outright illegal, for U.S. companies to do business with Russia-based ones.

Firms including McLarty Associates, BGR Group and Venable LLP abruptly canceled arrangements that have collectively yielded millions of dollars in lobbying fees in recent years, records show. Among their former clients are investors and operators for the now-canceled Nord Stream 2 gas pipeline, which was supposed to deliver Russian gas to Germany, as well as Russian state-controlled banks and others.

Thus far, it’s reversed the normal order of business when war breaks out, which often spurs foreign governments to enlist Washington-based firms to lobby the U.S. government, a review of lobbying records shows.

“These lobbying firms and lobbyists were pulling in huge amounts of money,” said Craig Holman, a registered lobbyist for the good government group Public Citizen, who closely tracks the industry. “I really have a hard time believing that they suddenly became altruistic once Russia invaded Ukraine.”

Holman said a more likely scenario was that the firms were “lobbying on behalf of the sectors, industries and projects” that were covered by the sanctions, and thus required to cease their work.

It’s difficult to assess just how many Russian companies or Russian-linked companies are still being represented by U.S. lobbyists. But the recent exodus suggests that the Ukraine invasion may have made representing the country’s interests too toxic even for an industry that has in the past welcomed payment from defense companies, despots and rebel groups.

In 2019, for example, a Libyan general seeking to consolidate his power in the North African country spent $2 million hiring a Texas-based firm to forge closer relations with the U.S.

Many of the Russian-linked companies that were dropped were involved in the Nord Stream 2 project, a completed undersea pipeline that would bypass Ukraine to send Russian gas supplies to Europe via Germany. The opening of the pipeline, which would have given Russia tremendous leverage by making it an even larger energy supplier to Europe, was suspended by Germany after last week’s invasion, leading the U.S. to issue sanctions against the company operating it.

McLarty quickly dropped five European energy companies that were investors in the project, which have paid the firm at least $3.4 million in fees since 2017, records show.

For months, Republicans in the Senate have railed against the pipeline and sought sanctions on businesses involved in the project. But the effort, including legislation sponsored by Sen. Ted Cruz, R-Tex., went nowhere because it was opposed by President Joe Biden as well as Senate Democrats, who hold the majority.

Lobbying records indicate McLarty lobbied Congress and the executive branch to “protect and further the company’s interest in the debate over natural gas as an element of European energy security.”

“We felt the honorable thing to do in the aftermath of the Russian invasion was to support U.S. policy and withdraw from the pipeline project,” Richard Burt, who leads a wing of McLarty focused on foreign interests, wrote in an email. Burt had donated $14,000 to Biden’s 2020 election efforts, record show.

The firms BGR Group and Roberti Global also dropped the pipeline project’s construction and operating company, Nord Stream 2 AG. The company is controlled by a subsidiary of the Russian state-owned company Gazprom, whose fuel sales support the Russian government budget.

A representative of Roberti Global, which has collected at least $9.8 million in lobbying fees from Nord Stream 2 AG, did not respond to a request for comment.

BGR President Jeffrey H. Birnbaum said in an email that his firm, which has collected at least $1.5 million in lobbying fees from Nord Stream 2 AG, ended its relationship to be in “compliance with economic and trade sanctions announced by the U.S. government.”

Firms representing Russian banks also dropped clients. That includes Sberbank and VTB, Russia’s two largest state-run banks, which were targeted last week by sanctions aimed at limiting their businesses internationally.

Venable LLP last week dropped an affiliate of Sberbank. The firm has collected at least $800,000 in lobbying fees and closely tracked legislation in Congress of interest to Russia, including economic “sanctions issues” and a bill called the “Defending Ukraine Sovereignty Act.”

The two lobbyists who worked on the account, Gregory M. Gill and D. Edward Wilson, did not respond to requests for comment.

The firm Sidley Austin also ended its roughly seven-year relationship as a registered “foreign agent” for VTB last Friday. The firm, which has represented the bank since 2015, was on a $40,000 a month retainer and typically collected about $360,000 or more a year in fees from the company. The firm provided “government strategies counsel” and ”lobbying directed toward the U.S. Congress” as well as the White House “regarding the imposition of sanctions by the U.S. government on Russian-affiliated banks,” according to Justice Department filings.

A representative of Sidley Austin did not respond to a request for comment.

Mercury Public Affairs, LLC similarly dumped clients. Late last week the firm filed paperwork with the Justice Department to end its status as a “foreign agent” working on behalf of Sovcombank PJSC, as well as the metal and energy producer EN+ Group, which collectively paid the firm $100,000 a month on retainer. A Mercury representative did not respond to a request for comment.

Filings state the firm provided “strategic consulting” and “government relations services, including outreach to U.S. Government officials.”

Related Posts

troup-county-sheriff’s-office-arrest-release-reports-for-period-ending-april-14-–-lagrange-daily-news-|-lagrange-daily-news-–-lagrange-daily-news

Troup County Sheriff’s Office Arrest Release Reports For Period Ending April 14 – LaGrange Daily News | LaGrange Daily News – LaGrange Daily News

by NewsReporter
April 14, 2022
0

Amari Keshad Towns, 21, 115 Haley Way, LaGrange, GA, theft – other (felony Michael Randall Reynolds, 27, 1114 Alverson Road, LaGrange, GA, VGCSA-amphetamine-possession Maria Montana Phillips, 41, 421 South Lee Street D-22, LaGrange, GA, failure to appear (state) Crystal Nichol Gates, 38, no known address, remove/affix plate with intent to...

musk-says-us.-sec-‘bastards’-forced-settlement-over-tesla-tweets-–-reuters

Musk Says U.S. SEC ‘bastards’ Forced Settlement Over Tesla Tweets – Reuters

by NewsReporter
April 14, 2022
0

Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S. April 4, 2019. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comApril 14 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk on Thursday...

democrats-are-in-danger-of-losing-three-congressional-strongholds-in-south-texas-–-ksat-san-antonio

Democrats Are In Danger Of Losing Three Congressional Strongholds In South Texas – KSAT San Antonio

by NewsReporter
April 14, 2022
0

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.WASHINGTON — Fending off the Republican advance in South Texas this fall was already going to be a taller-than-usual order for Democrats. But few Democrats anticipated it would be this hard.Thanks...

column:-crop-watch:-cold-spring-weather-prevents-early-us.-planting-–-reuters

Column: Crop Watch: Cold Spring Weather Prevents Early U.S. Planting – Reuters

by NewsReporter
April 14, 2022
0

Acres of soybeans seen at the Pioneer-DuPont Seed facility in Addieville, Illinois U.S., September 19, 2018. Picture taken September 19, 2018. REUTERS/Lawrence BryantRegister now for FREE unlimited access to Reuters.comNAPERVILLE, Ill., April 13 (Reuters) - It is too early yet for U.S. corn and soybean planting to be in full...

Cameron County News Online

© 2021 Salt Lake City News Now

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Salt Lake City News Now

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT