WASHINGTON, July 1 — The United States on Thursday blocked a US-based company worth more than US$1 billion (RM4.4 billion) linked to Russian oligarch Suleiman Kerimov, saying the...
WASHINGTON, July 1 — The United States on Thursday blocked a US-based company worth more than US$1 billion linked to Russian oligarch Suleiman Kerimov, saying the ally of President Vladimir Putin used it to funnel and invest shadowy funds.
Treasury Secretary Janet Yellen vowed that the United States would keep taking action “even as Russian elites hide behind proxies and complex legal arrangements.” The United States will “actively implement the multilaterally coordinated sanctions imposed on those who fund and benefit from Russia’s war against Ukraine,” she said in a statement.
Kerimov, originally from the Russian republic of Dagestan in the Caucasus, rose to become one of the world’s richest people after the fall of the Soviet Union.
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