- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-15T20:56:00
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.
In June 2023, Deripaska planned with Russian citizen Dmitrii Aleksandrovich Beloglazov, the owner of Russia-based financial services firm Titul, to sell Deripaska’s frozen shares in a European company, the Treasury detailed in a press release Tuesday. Soon after, Beloglazov created a subsidiary of Titul, Iliadis, which acquired investment holding company Rasperia in early 2024. Rasperia held Deripaska’s frozen shares.
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