United States block assets of oligarch Deripaska

United States block assets of oligarch Deripaska
Oleg Deripaska

Those accounts and documents that were in the United States at the time of Deripaska's entry in the sanctions lists were blocked.

The assets of the company of Russian oligarch Oleg Deripaska Basic Element Inc. were frozen in the United States. The company’s accounts with Wells Fargo Bank, as well as a real estate lease agreement, were blocked.

As specified in the document of the judicial base of November 5, 2019, those accounts and documents that were in the United States at the time of Deripaska's entry in the sanctions lists were blocked, RIA Novosti reports. 

It is reported that currently, Basic Element Inc. has no employees; the company’s accounts are blocked. According to the lawyers of the Russian oligarch, since April 6, 2018, Deripaska has lost 81% of his fortune due to the actions of the US authorities. They indicate that the stocks of those companies where Deripaska owns or has control are in danger of financial collapse. “Banks refuse to renew their loans, suppliers terminate their contracts, and partners terminate further transactions,” Deripaska's defenders say. 

Previously, OFAC published a list of documents that, according to US authorities, justify the imposition of sanctions on Deripaska, RT recalls. In March, the entrepreneur sued the US Treasury Department in order to block American sanctions imposed against him. In the course of these proceedings, sanctions were lifted from En+, Rusal and Eurosibenergo, but the American authorities maintained restrictions on the businessman himself.

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