Russian Bank Hires Former Senators Trent Lott, John Breaux To Lobby Against U.S. Sanctions

[ashling]

http://www.huffingtonpost.com/2014/09/02/russian-bank-trent-lott_n_5754098.html

Gazprombank GPB (OJSC), a Russian bank targeted with sanctions by President Obama over the Ukraine crisis, has hired two former U.S. senators to lobby against those sanctions, according to a new disclosure filed with the Senate.

Gazprombank is controlled by Russia’s state-owned energy company Gazprom, the country’s largest gas producer; it supplies about a third of Europe’s natural gas.

...

Lott and Breaux left public service almost a decade ago and are among more than 300 members of Congress who’ve become lobbyists, and begun petitioning former colleagues on behalf of clients, according to the Center for Responsive Politics. In 2008, they started a lobbying firm with their sons, Breaux Lott Leadership Group, which was acquired by D.C.-lobbying powerhouse Patton Boggs in 2010. Patton Boggs merged with Squire Sanders to form Squire Patton Boggs in June.

[JustAnotherGen]

1. Too late

http://www.treasury.gov/resource-center/sanctions/ofac-enforcement/pages/20140912.aspx

Once treasury puts you on that list - it takes a long time to come off.

Which begs the question - what do Lott and Breaux get out of this? Must be a lot of money coming into their hands in the off chance they are successful.

Instead of going to the Senate - they should follow the rules and submit the below application.
http://www.treasury.gov/resource-center/sanctions/Pages/licensing.aspx