Contents tagged with OFAC
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US imposes new sanctions on Russia
The US Treasury’s Office of Foreign Assets Control (OFAC) has decided to impose new sanctions on Russia in response to Russia’s constant disregard for international laws, the department announced in a press release on December 19.
The OFAC announced new restrictions on a former officer of Russia’s Main Intelligence Directorate (GRU) who acted in the interests of Russian oligarch Oleg Deripaska.
The new sanctions also affect 15 GRU staff members for a wide range of criminal activity, including …
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Russian tycoon Deripaska disagrees with the USA’s conditions for removing his company RUSAL from the sanctions list
Oleg Deripaska, Russian oligarch and President of United Company RUSAL disagreed with the conditions set by the US Treasury Department for removing the aluminum company from its sanctions list, RBC news agency reports citing its source who is familiar with the process. “The conditions set by OFAC (the US Treasury Department’s Office of Foreign Assets Control) are unacceptable and make no economic sense. It is not possible to accept them,” the source said.
RBC reports that a source in the …