U.S. Treasury Imposes Sanctions on Russian Citizen and Companies
The U.S. Treasury imposed sanctions on a Russian citizen and three Russia-based companies for trying to evade U.S. sanctions and potentially unfreezing over $1.5 billion belonging to Russian metals tycoon Oleg Deripaska.
Key Points
- Sanctions imposed on Russian citizen and companies for attempting to evade U.S. sanctions
- Scheme could have unfrozen over $1.5 billion belonging to Oleg Deripaska
- Deripaska made fortune in metals trading after Soviet Union collapsed
- Forbes ranked Deripaska's fortune at $2.8 billion
Pros
- Preventing evasion of U.S. sanctions
- Maintaining financial integrity
Cons
- Potential impact on international relations