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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Treasury Department lifts sanctions on three Russian firms with ties to Oleg Deripaska
This is one of the main reasons why Putin put his own puppet/stooge in the US White House ...
Treasury Department lifts sanctions on three Russian firms with ties to Oleg Deripaska
https://www.cnn.com/2019/01/27/politics/trump-admin-lifts-sanctions-oleg-deripaska/index.html?utm_source=twCNNp&utm_content=2019-01-28T02%3A05%3A02&utm_term=image&utm_medium=social
(CNN)The Trump administration on Sunday formally lifted sanctions on three Russian firms with links to oligarch Oleg Deripaska, including Rusal, the world's second-largest aluminum producer. On Dec. 19, the Treasury Department notified Congress of its intent to lift the sanctions saying the companies were sanctioned because of their ownership and control by Deripaska, not for the conduct of the companies themselves.
The Treasury Department said that Rusal and EN+ Group, the holding company of the Russian aluminum giant, as well as energy firm JSC EuroSibEnergo had made significant restructuring and corporate governance changes to diminish Deripaska's ownership and sever his control to allow them to meet the criteria to be delisted within the 30 days.
"EN+, Rusal and ESE have reduced Oleg Deripaska's direct and indirect shareholding stake in those companies and severed his control," the Treasury Department said in a statement. "This action ensures that the majority of directors on the EN+ and Rusal boards will be independent directors -- including U.S. and European persons who have no business, professional or family ties to Deripaska...and that independent U.S. persons vote a significant bloc of the shares of EN+."
-snip-
Democrats and some Republicans had said they believe the Treasury Department had cut a bad deal that doesn't sufficiently prevent the Russian oligarch from maintaining influence over the company even though his personal ownership stake in Rusal was reduced. Under the arrangement, Deripaska's ownership in EN+ drops from roughly 70% to roughly 45%, and he can vote only 35% of his shares, according to documents explaining the terms of the deal. But his shares are spread out to various entities, including to a foundation he started two decades ago, his ex-wife and father-in-law as well as the sanctioned Russian bank, VTB. The terms of the agreement say voting rights of these shares will be given to third parties with no ties to Deripaska.
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Trump Treasury Department lifts sanctions on three Russian firms with ties to Oleg Deripaska (Original Post)
KelleyKramer
Jan 2019
OP
Achilleaze
(15,543 posts)1. The kremlin applauds KGOP republican submission
"Good little republicans. Heh heh," - Poo T. Poot
Pachamama
(16,888 posts)2. Criminal
I just wish Congress could hurry up with investigations and stop this....
And Robert Mueller too...
duforsure
(11,885 posts)3. Putins puppet
Obeying his master , again.
democratisphere
(17,235 posts)4. We certainly know WHO is in charge.
watoos
(7,142 posts)5. Why post an article,
that rationalizes the removal of the sanctions? Sad.
IronLionZion
(45,667 posts)6. Yeah, but impoverished immigrants and refugees are the real problem
nevermind the billionaire Russian oligarchs influencing our country and politicians from one political party.
Botany
(70,657 posts)7. Isn't this the same Oleg Deripaska that Manafort...
... sent "polling data" too?
watoos
(7,142 posts)9. Oh yes it is,
and check out the thread recently posted here about Mitch McConnell's ties to Derepaska.
Botany
(70,657 posts)12. Lock them up
Google Alexander Torshin (Maria Butina's sponsor) voting machine and go to images. Now what would a Russian be doing looking @ our voting machines?
Ike must be rolling in his grave.
Kingofalldems
(38,514 posts)8. Kick and rec.
oasis
(49,490 posts)10. Expose. K and R
uponit7771
(90,371 posts)11. K&R
spanone
(135,950 posts)13. quid pro quo
Hermit-The-Prog
(33,564 posts)14. Putin's pet, Trump, and the Russiapublicans
Trumputin, Moscow Mitch, and the Russiapublicans make certain that their masters continue to be enriched.
Jeffersons Ghost
(15,235 posts)15. K&R