May 5, 2024

Another Gift for a Putin Buddy

By Seth Hettena

Even as new evidence surfaces that someone, probably in Russia, is meddling with another American election, we can forget about strict punishment from sanctions for at least one of the Russian oligarchs closest to President Vladimir Putin.

This week, the Trump administration further eased its pressure on Rusal, Russia’s largest aluminum company, less than four months after sanctions on it and its notorious leader were imposed. Even as the White House seems willing to inflict pain on American farmers and consumers with its trade wars, Russian aluminum workers are apparently worthy of special protection.

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The Russian oligarch Oleg Deripaska at the Kremlin in 2013.CreditSasha Mordovets/Getty Images

Rusal is controlled by Oleg Deripaska, a member of Mr. Putin’s inner circle. As the Treasury Department acknowledges, he has been investigated for money laundering and accused of threatening the lives of business rivals, illegally wiretapping a government official and taking part in extortion and racketeering. There are also allegations, made public by the Treasury Department’s Office of Foreign Assets Control, that Mr. Deripaska bribed a government official, ordered the murder of a businessman and had links to a Russian organized crime group. During the 2016 presidential campaign, Paul Manafort, then Mr. Trump’s campaign manager, tried to offer Mr. Deripaska private briefings about the campaign. On Tuesday, Mr. Manafort went on trial on charges of bank and tax fraud not directly related to the campaign.

Treasury Secretary Steven Mnuchin has said he is considering lifting the sanctions altogether because they are punishing the “hardworking people of Rusal.” But Mr. Mnuchin has it backward. If he was truly concerned about Rusal’s 61,000 employees, he would not relent until the company fully washed its hands of Mr. Deripaska and the corrupt regime the aluminum giant serves.

For more read the full of article at The Nytimes

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