Deripaska spokesperson denies US searches were part of criminal case

Asia's Tech News Daily

"The warrants are related to sanctions," she said

MOSCOW, October 20. /TASS/. Tuesday's searchers in US houses, reportedly associated with Russian tycoon Oleg Deripaska, are not related to criminal prosecution, his spokesperson Larisa Belyaeva told TASS.

Washington Post reported earlier in the day the FBI was searching a Washington house owned by Deripaska as part of a criminal investigation into his activities.

“This is not true. The warrants are related to sanctions,” she said.

On April 6, 2018, the United States imposed sanctions against Oleg Deripaska and the companies he controlled such as Rusal and the En+ Group, the Basic Element industrial group and the Russian Machines machine-building holding, B-Finance and Eurosibenergo and the GAZ Group.

Together with a number of other Russian businessmen who came under US sanctions, Deripaska was banned from entering the US. His assets in the US were frozen and American businessmen were banned from doing business with his companies.

On January 27, 2019, the US Treasury Department announced the lifting of sanctions imposed on Rusal, En+ and Eurosibenergo. However, this cost Deripaska his control over these companies. In particular, his share in the En+ holding decreased from 70% to 44.95%, in Rusal he still owns directly only 0.01% of shares, on which he had no right to receive dividends. The entrepreneur himself remained on the sanctions list.

In March 2019, Deripaska sued the US Treasury Department, stating that the sanctions against him were unfair and illegal, and the damage they caused was estimated at more than $7.5 billion. The businessman demanded that the sanctions be lifted since the conditions for their introduction were no longer relevant. In response, the US Treasury declassified some of the documents, which also became the basis for the introduction of restrictive measures. Deripaska called this data false.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Asian stocks fall further after new virus variant spreads

The Associated PressA man walks past an electronic stock board of a securities firm in Tokyo, Monday, Nov. 29, 2021. Asian stock markets fell further Monday after the omicron variant ... Read more »

Indian rupee sees high volatility as worries resurfaced around new COVID strain

Representative image The rupee started on a choppy note on Monday as investors turned cautious tracking heavy selling in domestic equities and worries over a new variant of COVID-19. At ... Read more »

North East has the potential to become adventure tourism capital of India: ATOAI

Illustration by Suneesh K. The North East region has the potential to become the adventure tourism capital of the country, said a top official of Adventure and Tour Operators Association ... Read more »

Do Tesla employees make more than their other EV industry counterparts?

California-based EV maker and clean-energy company Tesla has, for a long time, been known for its comprehensive employee benefits. Headed by Elon Musk, Tesla offers stock options as a part ... Read more »

Tarsons Products tumbles 8% after robust debut; experts advise 'hold'

Tarsons Products Tarsons Products suffered over 8 percent intraday decline on November 29 on the back of a rush to book profit. The stock traded at Rs 765.55, down Rs 74.45, ... Read more »

MC Interview | Star Health IPO looks quite expensive, short-term investors unlikely to make quick return, says Abhay Agarwal of Piper Serica

Abhay Agarwal, founder and fund manager of Piper Serica Advisors, says the valuation of the Star Health and Allied Insurance Company initial public offering is quite expensive considering the current ... Read more »

Visa's Amazon spat shows power is shifting to retailers in fee battle

Amazon.com Inc’s latest spat with Visa  shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s ... Read more »

RIL share price rises 3% after Jio increases prepaid mobile tariff rates by 20%

Reliance Industries (RIL) share price rose over 3 percent intraday to Rs 2,497.90 on November 29 after its telecom arm increased the prepaid mobile tariff rates by 20 percent. The ... Read more »

Economists wargame how Omicron will impact global recovery

The omicron variant is dealing a blow to optimistic hopes that the world economy would enter 2022 on a firmer footing, potentially undermining plans by policy makers to focus on ... Read more »

WHO says delta variant still the priority despite growing worries over new omicron Covid strain

While the new omicron Covid strain has countries on high alert, the World Health Organization says most of the current infections are still due to the delta variant. “Over 99% ... Read more »

Countries where Omicron has been found so far

A medical staff member prepares the Pfizer COVID-19 vaccine at Tudor Ranch in Mecca, Calif., on Jan. 21, 2021. In a statement Sunday, Nov. 28, 2021, California’s public health officer, ... Read more »

PNB Housing jumps 5% as Baring Asia likely offered to buy Carlyle's stake

Shares of PNB Housing Finance on November 29 jumped 5% higher to Rs 524.75 after Moneycontrol exclusively reported that Baring Asia has offered to buy Carlyle’s stake in PNB Housing ... Read more »

Paytm shares slip as company's operational loss widens in Q2 FY22

Representative image Shares of Paytm on November 29 slipped over 3 percent at open before recouping most losses and trading marginally lower at Rs 1,780 on the BSE. On November ... Read more »

TMC to expand political base across Northeast ahead of 2024 Lok Sabha polls: Mukul Sangma

Representational picture Meghalaya TMC leader Mukul Sangma said that Mamata Banerjee’s party is looking forward to expanding its political base across the Northeast ahead of the 2024 Lok Sabha elections. ... Read more »

Banking Central| Kotak & Hindujas all smiles with new RBI guidelines on promoters' stake

Uday Kotak The Reserve Bank of India (RBI) last week reviewed the rules of promoter stake in private sector banks based on a panel recommendation. The central bank accepted 21 ... Read more »

Oil rebounds on speculation OPEC+ may pause output increase

The US government has been unable to persuade OPEC+ to pump more oil, with major producers arguing the world was not short of crude. (Representative image) Oil prices rebounded on ... Read more »

New Zealand to ease COVID measures this week despite Omicron threat: PM Jacinda Ardern

New Zealand Prime Minister Jacinda Ardern said on Monday the country will move into a system of living with the COVID-19 virus later this week despite the new Omicron variant ... Read more »

S. Korea's female population rises 1.1 pct over 5 years

SEOUL, Sept. 29 (Yonhap) — South Korea’s female population expanded slightly over 1 percent over the past five years to surpass the 25 million mark in 2020, census data showed ... Read more »

Coronavirus Update | India reports 8,309 new COVID-19 cases; active cases decline to 1,03,859

Raian Karanjawala feels that post COVID-19, will be an amalgamation of touchy-feely kind of litigation and the new smart work, ‘Zoom call habit’ that has now come into practice. (Image ... Read more »

Covid 19 Delta outbreak: Mixed reactions from businesses on Government's new financial support

Auckland businesses have had a mixed reaction to the city moving to the red phase of the new Covid-19 protection framework, also known as the Traffic Light System, with some ... Read more »

Adani Ports share price falls nearly 5% as MSCI drops it from climate Change indices

Representative image Adani Ports and Special Economic Zone share price fell nearly 5 percent in the early trade on November 29 after Morgan Stanley Capital International (MSCI) dropped the company ... Read more »

Lok Sabha Speaker Om Birla hopes House will run smoothly in Winter Session of Parliament

BJP Lok Sabha MP from Kota, Rajasthan, Om Birla Ahead of the start of the Winter Session of Parliament, Lok Sabha Speaker Om Birla on Monday said there are many ... Read more »

Artificial intelligence may not actually be the solution for stopping the spread of fake news

Representative Image. Disinformation has been used in warfare and military strategy over time. But it is undeniably being intensified by the use of smart technologies and social media. This is ... Read more »

China could double down on its zero-Covid approach amid concerns about omicron, analysts say

Volunteers in protective suits handle garbage outside an apartment building at College of Arts and Information Engineering of Dalian Polytechnic University in university town of Zhuanghe on November 15, 2021 ... Read more »

Gold Prices Today: New virus strain may keep yellow metal volatile this week

Gold, yellow metal Chrysus, the Greek god of gold, beamed on Monday as the fifteenth letter of his alphabet joined the pandemic lexicon, stoking fears of a more potent omicron ... Read more »

Japan to bar new foreign arrivals over virus variant

TOKYO: Japan will reinstate tough border measures, barring all new foreign arrivals over the Omicron Covid variant, Prime Minister Fumio Kishida announced on Monday, just weeks after a softening of ... Read more »

Samsung Electronics revamps human resources system to nurture talent, flexible corporate culture

By Woo Jae-yeon SEOUL, Nov. 29 (Yonhap) — Samsung Electronics Co. said Monday it has overhauled its employee evaluation and position system to spot and nurture talent and improve productivity ... Read more »

Novak Djokovic likely to skip Australian Open over vaccine mandate

File image of Novak Djokovic (AP Photo/Kirsty Wigglesworth) Novak Djokovic is unlikely to play at the Australian Open if rules on COVID-19 vaccinations are not relaxed, the world number one’s ... Read more »

Jefferies picks India stocks that have room to run — says one may have a 40% upside

A pedestrian speaks on a mobile phone as he looks at share prices on a digital broadcast outside the Bombay Stock Exchange (BSE) in Mumbai on November 10, 2020.PUNIT PARANJPE ... Read more »

Daily Voice | Bull market intact, counter Bear-market trend not a possibility, says Harendra Kumar of Elara Securities

The equity market corrected more than 8 percent last week from its record highs and after a sustained bull run. Indian investors lost Rs 7 lakh crore of their wealth ... Read more »

Omicron virus: 5 medical experts weigh in on the South African COVID-19 variant

The arrival of a new virus in these troubled days has set the cat amongst the pigeons. That is precisely what happened this past week, when a heavily mutated COVID-19 ... Read more »

Term insurance premiums are set to rise from December: Here's what you should do

Representative image Pure protection term insurance premiums are set to see a spike yet again. This time, the jump is likely to be in the range of 25-45 percent on ... Read more »

Want to be financially prepared for all emergencies? Follow these steps

Not even in our wildest dreams could we have imagined the crisis that 2020 unfolded. The COVID-19 pandemic took millions of lives, impacted livelihoods and pushed people into financial distress. ... Read more »

WHO criticises travel bans on southern African countries

The World Health Organisation on Sunday urged countries around the world not to impose flight bans on southern African nations due to concerns over the new omicron variant. WHO’s regional ... Read more »

Which are the best passive mutual funds for your portfolio?

Many AMCs (asset management companies) are on overdrive in their zeal for rolling out passive index funds, ETFs and FoFs (fund of funds). And while till just a year or ... Read more »

Banks flex digital muscles New open API approach keeps incumbents competitive amid digital disruption by linking them to a broader financial ecosystem.

Driven by greater digital adoption across Southeast Asia, consumer habits have changed dramatically over the past five years, prompting businesses to adapt accordingly to continue thriving. Banks and other financial ... Read more »

Hong Kong stocks slide on Omicron, Meituan woes while Macau casino operators slump on crackdown

Hong Kong stocks slipped on concerns the spread of Omicron coronavirus strain will prompt more lockdowns and hurt economic recovery. Meituan slumped on weak earnings while a gambling crackdown hit ... Read more »

Nissan plans 50% electric vehicle sales by 2030

TOKYO (AFP) – Automaker Nissan wants half its global sales to be electric or hybrid vehicles by 2030 and plans to plough billions of dollars into the effort, it announced ... Read more »

Singapore, regional bourses dip on Omnicron concerns

SINGAPORE (THE BUSINESS TIMES ) – Singapore shares started the week in negative territory on Monday (Nov 29), following a major sell-off in all global markets after a new coronavirus ... Read more »

Deadly cocktail' of SP, BSP, Congress wants to stop welfare work of PM Modi, CM Yogi: BJP

Besides Prime Minister Narendra Modi, senior Union ministers Rajnath Singh and Amit Shah, along with Parliamentary Affairs Minister Pralhad Joshi, will represent the government at the meeting. (Illustration: Moneycontrol) The ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic