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Ministry of Finance raises sanctions against companies from the Russian oligarch



Trump's administration on Sunday lifted sanctions against the business empire of Oleg V. Deripaska, one of Russia's most influential oligarchs.

Congressional Democrats tried to block this move this month by attacking him as surrender to the Kremlin and a key ally of President Vladimir Putin. But they failed to gain sufficient support from the Republicans to impose sanctions.

The Treasury Department announced the sanctions against Deripaska, six other oligarchs and their companies in April, as a vengeance for Russian "malicious activity" around the world.

Most of the sanctions came into force, including personally Mr Deripaska. But their performance has been repeatedly delayed against Deripaska's giant aluminum company, Rusal, as well as two related companies, including EN +, the holding company that owns a large portion of Rusal. Companies funded a complex legal and lobbying campaign, arguing that sanctions would disturb the aluminum market and would harm companies in the United States and the Allies

Once the sanctions were formally revoked, EN + announced the appointment of seven new directors of the deal, including Christopher Bancroft Banham, a banker who served as the transition team of the State Department of Mr. Trump and worked in the State Department of George Bush.


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