#oleg-deripaska

#oleg-deripaska

The U.S. Treasury Department imposed a $7.1 million fine on a New York-based property management firm Thursday, accusing it of violating sanctions by managing luxury real estate properties for oligarch Oleg Deripaska, who has close ties to Russian President Vladimir Putin. Treasury's Office of Foreign Assets Control said Gracetown Inc. had received 24 payments between April 2018 and May 2020 totaling $31,250 on behalf of a company owned by Deripaska. OFAC says it gave Gracetown notice that dealings with Deripaska were prohibited, but the firm proceeded anyway.

A former Russian diplomat linked to a sanctions-evasion scandal involving one of the FBI's top former counter-intelligence agents and a notorious Russian oligarch was sentenced to two months in jail on charges of lying to US law enforcement. Sergei Shestakov's sentencing closes a chapter in a case that both embarrassed the FBI and also shone a new spotlight on Oleg Deripaska, a Kremlin-connected billionaire who has long been on the FBI's radar screen.