Contents tagged with Office for Foreign Assets Control
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US Treasury Department: Reduction in Deripaska’s share in his company not sufficient to exclude it from sanctions list
"A reduction in the share of ownership [of the company] by a person under sanctions is not necessarily a basis for excluding [the company] from the sanctions list," RBC news agency reports, citing an official US Treasury Department spokesperson.
According to the source, OFAC (the Office for Foreign Assets Control, a subdivision of the Treasury Department) "conducts a thorough analysis of the facts and circumstances of each request for exclusion [from the sanctions list) and does not discuss …