After eight months of lobbying to be taken off the U.S. sanctions list, companies tied to the Russian aluminum magnate Oleg Deripaska got their wish on Wednesday.The Treasury Department notified Congress on Wednesday that it plans to remove three companies belonging to Deripaska, a Russian oligarch with close ties to Russian President Vladimir Putin, from the sanctions list on the condition that Deripaska relinquishes control over his companies.Deripaska was sanctioned in April 2018, along with six other Russian oligarchs, for supporting Russia’s efforts to meddle in the internal affairs of Western governments and for a handful of other offenses related to Russia’s activities in Syria and Ukraine.The energy companies EN+, Rusal, and ESE were also sanctioned due to their relationship with Deripaska. Experts at the time noted that it would be impossible to hit the oligarch financially without forcing the companies to sever their ties with him or face sanctions.Now, it appears that these efforts have paid off and Deripaska will lose control of the companies with which he built his career and fortune. But some observers have questioned why the ultimate beneficiaries of the deal are entities with legal problems and close ties to the Kremlin: the Swiss commodities… Read full this story
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