Treasury blocks $1 billion in Delaware trust tied to Russian oligarch
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By Jennifer Hansler, CNN The US Treasury on Thursday notified a Delaware-based trust that it is blocking $1 billion in assets for its connection to sanctioned Russian oligarch Suleiman Kerimov. According to a press release from the agency, Heritage Trust “was formed in July 2017 for the purpose of h…
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The Treasury Department said Thursday it has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov. The move comes after the U.S. seized a $325 million superyacht — the 348-foot-long Amadea — tied to Kerimov earlier this month.
By Jennifer Hansler, CNN The US Treasury on Thursday notified a Delaware-based trust that it is blocking $1 billion in assets for its connection to sanctioned Russian oligarch Suleiman Kerimov. According to a press release from the agency, Heritage Trust “was formed in July 2017 for the purpose of h…