The Booty Report

News and Updates for Swashbucklers Everywhere

Arr, this Russian metal scallywag be cryin' 'balderdash' at them US Treasury scallywags! Aye, what a jest!

2024-05-16

Arrr, the U.S. Treasury be tellin' Oleg Deripaska he can't be playin' fast and loose with the gold doubloons. But ol' Oleg just laughed in their faces and said, "Ye can't touch me, ye scallywags!" Yarrr!

In response to the latest U.S. sanctions, Russian tycoon Oleg Deripaska scoffed at the notion that his companies were involved in any scheme to evade sanctions, calling it "nonsense" and "balderdash." He dismissed the sanctions as a waste of time and criticized politicians for playing dirty games while lives are lost in wars.The U.S. Treasury announced sanctions on a web of Russian companies allegedly disguising ownership of a $1.6 billion stake controlled by Deripaska. Austria's Raiffeisen Bank International dropped plans to buy the stake under U.S. pressure.The Treasury claimed the stake unfreezing was an "attempted sanctions evasion scheme" using an opaque divestment process. Deripaska, known for his ties to Putin, has faced sanctions from multiple countries, including the U.S. and Britain.Deripaska, who amassed his wealth through aluminum factories, has denounced previous sanctions as "groundless, ridiculous, and absurd." He has challenged the sanctions in court, arguing they are based on false information and violate principles of law and justice.

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