OLEG DERIPASKA: ‘CONTINUES TO CONTROL COMPANIES’ IN VIOLATION OF SANCTIONS

On 17 December, Referl reported that European officials have concluded that Russian billionaire Oleg Deripaska continues to control aluminium producer Rusal in violation of a US sanctions agreement.  The US lifted sanctions on Rusal and parent EN+ after Deripaska agreed in late 2018 to cut his stakes below 50% and relinquish operational control.  But the billionaire is said to have continued to use “company resources and employees” for his own business pursuits as well as to advance the Kremlin’s political agenda. 

https://www.rferl.org/a/russia-deripaska-sanctions-violations/31006394.html

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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