On 2nd July, Rferl reported that the US cousin of Russian billionaire Viktor Vekselberg is suing the U.S. Treasury for seizing his assets worth millions of dollars.  Andrew Intrater accused the government of violating his right against unreasonable seizures.  Vekselberg and his Renova Group were designated in April 2018, resulting in the immediate seizure of his US property, including any US companies he owned a majority stake in.  Intrater and other US citizens who own the firms that oversee those funds are now unable to receive management fees or even make certain critical investment decisions, the lawsuit says, though neither Intrater nor the other US citizens are subject to the sanctions.

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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