Caught in the crossfire: Rescue efforts underway as sanctions loom on oligarch’s Irish refinery
Russian billionaire Oleg Deripaska’s aluminium firm Rusal is being squeezed as part of the wider sanctions on the Putin regime – which spells bad news for one of his assets, the Aughinish plant in Askeaton, Co Limerick
The letter that landed on Mitch McConnell’s desk in late 2018 setting out the US Treasury’s rationale for lifting sanctions on Oleg Deripaska, the Russian oligarch, contained a warning that was of particular interest to Ireland.
In its correspondence, the Treasury’s powerful Office of Foreign Assets Control (OFAC) advised McConnell, the US Senate majority leader, that concessions around the billionaire industrialist’s ownership and control of his energy and commodities empire had been secured, and the ...
