Official announcements from the US Treasury Department

US Imposes Sanctions on Russian Individual and Companies for $1.5 Billion Oleg Deripaska Evasion Scheme

May 14, 2024, 04:55 PM

The United States has imposed sanctions on a Russian individual and three Russia-based companies for their involvement in an attempted sanctions evasion scheme connected to Russian oligarch Oleg Deripaska. The US Treasury announced that the scheme could have potentially unfrozen more than $1.5 billion belonging to Deripaska. This action underscores the US commitment to countering Russian sanctions evasion and circumvention. The entities involved in the scheme were previously sanctioned by the United States, Australia, and Canada. The sanctions are related to an aborted sale involving Raiffeisen and the US-designated oligarch.