The lawmakers warned that importing Russian diesel raises “significant legal questions” and could lead to legal action and congressional investigations. (AP Photo/Alex Brandon)
\n\nSome of the largest US banks have been ordered to preserve records related to proposed or completed Russian diesel transactions as Democratic lawmakers prepare for possible congressional investigations if their party wins control of Congress in the November 3 midterm elections.
\n\nAccording to a report by Axios on Monday, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley received letters demanding that they retain relevant documents. Port authorities in Texas and New York and New Jersey also received the requests.
\n\nThe warning follows President Donald Trump’s October 9 announcement of an agreement with Russian President Vladimir Putin to increase Russian diesel supplies to US and global markets. Trump has defended the move as a way to boost fuel availability and reduce prices, while critics argue that it could provide Moscow with revenue to finance its war against Ukraine.
\n\nThe lawmakers warned that importing Russian diesel raises “significant legal questions” and could lead to legal action and congressional investigations.
\n\nDemocrats Raise Legal Concerns Over Russian Diesel Imports
\n\nThe letter was signed by Democratic Senators…
Original source: https://www.timesnownews.com/world
