{"id":2761,"date":"2020-12-17T20:37:51","date_gmt":"2020-12-17T20:37:51","guid":{"rendered":"https:\/\/www.radiofree.org\/?p=140591"},"modified":"2020-12-17T20:37:51","modified_gmt":"2020-12-17T20:37:51","slug":"russian-billionaire-continues-to-control-companies-in-violation-of-sanctions","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2020\/12\/17\/russian-billionaire-continues-to-control-companies-in-violation-of-sanctions\/","title":{"rendered":"Russian Billionaire ‘Continues To Control Companies’ In Violation Of Sanctions"},"content":{"rendered":"
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European officials have concluded that Russian billionaire Oleg Deripaska continues to control aluminum producer Rusal in violation of a U.S. sanctions agreement, Bloomberg News reported, citing unidentified officials.<\/p>\n

The Europeans earlier this year sent U.S. officials their conclusion that Deripaska still maintains day-to-day influence over the operations of Rusal, one of the world\u2019s largest aluminum producers, and its parent company EN+ Group, the news agency said on December 17.<\/p>\n

U.S. officials have confirmed receiving the European report.<\/p>\n

The United States lifted sanctions on Rusal and EN+ after Deripaska agreed in late 2018 to cut his stakes below 50 percent and relinquish operational control.<\/p>\n

But the billionaire continued to use \u201ccompany resources and employees\u201d for his own business pursuits as well as to advance the Kremlin\u2019s political agenda, Bloomberg reported, citing the Europeans.<\/p>\n

Lawyers for Deripaska, who remains under personal U.S. sanctions, denied the European officials\u2019 allegations.<\/p>\n

Lawyers for EN+ also rejected the report. EN+ said its board continues to have \u201cfull confidence in the group\u2019s robust compliance procedures.\u201d<\/p>\n

The Bloomberg article caused a spike in aluminum prices on December 17 amid concerns the U.S. could sanction Rusal again.<\/p>\n

The United States sanctioned Deripaska and six other Russian tycoons in 2018 for supporting Russia\u2019s \u201cmalign activity around the globe,\u201d including Kremlin aggression against Ukraine.<\/p>\n

Deripaska, 52, is one of Russia’s richest moguls, with a net worth estimated by Forbes at more than $4 billion.<\/p>\n

Based on reporting by Bloomberg News<\/h6>\n<\/div>\n\n

This post was originally published on Radio Free<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"

European officials have concluded that Russian billionaire Oleg Deripaska continues to control aluminum producer Rusal in violation of a U.S. sanctions agreement, Bloomberg News reported, citing unidentified officials.\u2026<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,24],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/2761"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=2761"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/2761\/revisions"}],"predecessor-version":[{"id":2762,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/2761\/revisions\/2762"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=2761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=2761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=2761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}