The US prevents Russia's Deripaska from withdrawing $1.5 billion in US sanctions

This is in one rack from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC).

According to the US, Deripaska coordinated a deal in June 2023 with Russian Dmitry Beloglazov, owner of Russian financial services company Titul, to sell Deripaska's frozen shares in a European company.

Within weeks afterwards, Titul established a financial services subsidiary, Iliadis, which in early 2024 acquired Russian investment holding company Rasperia Trading Limited, which owns Deripaska's frozen shares.

In this way, the Russian oligarch and Beloglazov tried to get the frozen shares out from under the previously imposed restrictions.

In this regard, the United States blocked all property and assets owned by Dmitry Beloglazov, Iliadis, Rasperia Treiding Limited and Titul, which are located in the United States or owned by American citizens.

The US Treasury Department froze Oleg Deripaska's personal assets in October 2018. He is the owner of Rusal, one of the largest aluminum smelters in the world.

The United States imposed sanctions on Deripaska for meddling in the 2016 presidential elections. The oligarch challenged the sanctions, but the US court did not support him.

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