On 4th November, CNAS repeated a New York Times article which said that, as US sanctions targeting those close to Putin grew, Deripaska, a billionaire who controls the world’s second-largest aluminium company, Rusal, faced possible ruin.  It points out that lobbying effort on behalf of Mr. Deripaska’s companies still appears to have made substantial headway.  In recent months, his firms have notched initial victories by winning multiple postponements from the US Treasury of the sanctions on the oligarch’s holding company, EN+, and the giant aluminium company it controls, Rusal – and, with a final decision due on 12th December, there are signs that Deripaska’s companies could escape the sanctions entirely.  An excellent long article, providing useful background briefing on Deripaska and events and history involving him.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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