On Thursday, the US Treasury announced the freezing of more than $1 billion in assets of a US-based company controlled by Russian oligarch and politician Suleiman Kerimov, which has already been sanctioned by Washington.
An investigation has been launched by US authoritiesIt was revealed that Kerimov used a complex series of legal structures and fronts to hide his interests in the Heritage Trust.“A company in Delaware (Eastern United States), according to a Treasury press release. Billionaire Suleiman Kerimov was sanctioned by the United States in 2018 for alleged money laundering and is now among Russian oligarchs sanctioned by several countries and the European Union following Russia’s invasion of Ukraine. Blaming the Russian eliteshide behind intermediaries and complex legal arrangements“Treasury Secretary Janet Yellen said her department will use its authority to enforce the sanctions.”those who fund and profit from Russia’s war in Ukraine“.
Delaware’s tax laws are among the most favorable in the world, and this US East Coast state, a stronghold of President Joe Biden, is home to many foreign companies. In its statement, the US Treasury Department also claims that Suleiman Kerimov’s nephew, Ruslan Gajiev, represents one of the beneficiaries of the Heritage Trust. Ruslan Gajiev, elected to the Russian parliament, was already under US sanctions since March, and his involvement in society.provides a separate and independent causeTo this freeze, Washington claims. In early June, a Fijian court allowed the US to hand over the Amadea superyacht linked to Suleiman Kerimov. The ship, worth about $300 million, was seized by Fiji at Washington’s request.
Source: Le Figaro
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