Three Russia-based companies and an individual were designated by the U.S. Treasury Department for trying to recapture more than $1.5 billion in frozen shares owned by a previously sanctioned Russian oligarch using a complex evasion scheme.
The Treasury’s Office of Foreign Assets Control (OFAC) designated Oleg Vladimirovich Deripaska in 2018 for his association with the Russian government. The Department of Justice charged Deripaska in 2022 with conspiring to violate and evade U.S. sanctions in violation of the International Emergency Economic Powers Act.
