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U.S.-approved trustee for Russia's Deripaska has worked with him for years
Source: Reuters
WORLD NEWS JANUARY 30, 2019 / 2:52 PM / UPDATED 3 HOURS AGO
U.S.-approved trustee for Russia's Deripaska has worked with him for years
Polina Ivanova, Polina Devitt, Nathan Layne
5 MIN READ
MOSCOW/NEW YORK (Reuters) - A law firm appointed to act as a buffer between Russian metals magnate Oleg Deripaska and one of his businesses, under a deal that allowed Washington to lift sanctions on the firm, has worked closely with Deripaska for years.
Asked about the law firm, the U.S. Treasury Department said it would vigorously monitor arrangements to ensure Deripaska cannot influence board members of the businesses. A representative for Deripaska said there was no scope for the businessman to influence how the law firm acted.
But a senior U.S. senator said the connection between Deripaska and the law firm further bolstered the argument, being made by U.S. President Donald Trump’s Democratic opponents, that the sanctions should not have been lifted.
The U.S. Treasury Department agreed to lift sanctions on three businesses controlled by Deripaska on condition that the tycoon - who will still be under sanctions himself - reduces his ownership in the businesses and severs his control.
-snip-
U.S.-approved trustee for Russia's Deripaska has worked with him for years
Polina Ivanova, Polina Devitt, Nathan Layne
5 MIN READ
MOSCOW/NEW YORK (Reuters) - A law firm appointed to act as a buffer between Russian metals magnate Oleg Deripaska and one of his businesses, under a deal that allowed Washington to lift sanctions on the firm, has worked closely with Deripaska for years.
Asked about the law firm, the U.S. Treasury Department said it would vigorously monitor arrangements to ensure Deripaska cannot influence board members of the businesses. A representative for Deripaska said there was no scope for the businessman to influence how the law firm acted.
But a senior U.S. senator said the connection between Deripaska and the law firm further bolstered the argument, being made by U.S. President Donald Trump’s Democratic opponents, that the sanctions should not have been lifted.
The U.S. Treasury Department agreed to lift sanctions on three businesses controlled by Deripaska on condition that the tycoon - who will still be under sanctions himself - reduces his ownership in the businesses and severs his control.
-snip-
Read more: https://www.reuters.com/article/us-usa-russia-sanctions-trustees/u-s-approved-trustee-for-russias-deripaska-has-worked-with-him-for-years-idUSKCN1PO2RC
