Russian oligarch charged with sanctions breaches

A Russian billionairewas criminally charged in NewYork with violating US sanctions in an indictment unsealed yesterday that also charges three others in a scheme to ensure his childwas born in the United States. The Russian oligarch, 52, has faced economic sanctions since 2018, when he was designated for them by the US Treasury Department, which said he had acted for or on behalf of a senior Russian official and had operated in the energy sector of the Russian economy. AndrewC. Adams, a Manhattan federal prosecutor who heads a task force pursuing crimes by Russian oligarchs, said in a release that Deripaska had lied and evaded US sanctions as he sought to benefit from life in America ‘‘despite his cozy tieswith the Kremlin and his vast wealth acquired through ties to a corrupt regime’’.

Oleg Deripaska,