Oleg Deripaska

18th January 2019

Treasury poised to ease sanctions tied to Russian oligarch

AP — The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies. Treasury’s decision to ease… Read More

16th January 2019

Mnuchin urges senators to support easing Russia sanctions

AP — Treasury Secretary Steven Mnuchin is urging senators to vote against a Democratic resolution that would maintain sanctions on companies linked to Russian oligarch Oleg Deripaska [pictured]. Mnuchin met with Republican senators behind closed doors Tuesday in the hours before a planned Senate vote on… Read More

21st December 2018

Biting the bullet, not the dust: Deripaska gives up his aluminium empire

The U.S. decision to lift sanctions on Russia’s Rusal (0486.HK), the world’s top aluminium producer outside China, is widely seen as a Christmas present for the company, global consumers of its metal, and the Russian stock market. But its co-owner and founder Oleg Deripaska will have mixed feelings, as the… Read More

3rd July 2018

Putin’s tycoon friend, under sanctions, sells private jet

Gennady Timchenko, a billionaire friend of Russian President Vladimir Putin, has sold his private jet, according to a broker and aircraft registration data, after complaining that U.S. sanctions made it impossible for him to use the aircraft. The owner of the Gulfstream jet now is a subsidiary of Russia’s sovereign… Read More

28th June 2018

London court backs Deripaska in battle of Russian tycoons

Russian tycoon Oleg Deripaska got a boost on Wednesday in a long-running battle for control of Norilsk Nickel when a high court judge ruled fellow investor Roman Abramovich did not have the right to sell shares in the miner to a third businessman. Deripaska, who controls aluminum giant Rusal (0486.HK),… Read More

13th June 2018

Russian tycoon’s suit against Manafort on hold as U.S. sanctions bite

A Russian oligarch on Monday got a court to delay his fraud lawsuit against U.S. President Donald Trump’s former campaign manager Paul Manafort, citing the need to deal more pressing legal matters such as U.S. sanctions on his businesses and criminal trials facing Manafort. Justice O. Peter Sherwood of New… Read More

1st June 2018

Russia’s Deripaska empire bets on mid-summer plan to escape U.S. sanctions

The aluminium empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters. The U.S. Treasury in April imposed sanctions against billionaire… Read More

13th April 2018

Sanctions-hit Russian tycoons may have lost $7.5 billion

Three Russian tycoons targeted by a new list of U.S. sanctions may have lost a combined $7.5 billion since the list was announced, according to Reuters calculations based on price moves in the listed companies the three co-own. The U.S. Treasury on April 6 announced sanctions on seven Russian oligarchs… Read More

14th November 2017

UK: Russian oligarch’s float funds blacklisted bank

By Simon Jack, BBC In the US, the Senate intelligence committee has said it is confident that Russia intervened in the US election. In the UK, Damian Collins, the chair of the digital, culture, media and sport committee has written to Facebook chief executive Mark Zuckerberg, asking him to provide… Read More