The U.S. Department of the Treasury’s Office of Foreign Assets Control notified Congress on Dec. 19 of its intention to lift sanctions imposed on three Russian companies.
On April 6, 2018, OFAC designated seven Russian oligarchs, including Oleg Deripaska, and 12 companies they own or control for their role in furthering the Kremlin’s global activities, including its attempts to subvert Western democracy; its support for the Assad regime; its malicious cyber activities; its occupation of Crimea; and its instigation of violence in Ukraine. OFAC’s action also targeted 17 senior government officials, as well as a state-owned Russian weapons trading company and its subsidiary, a Russian bank.
