The US Treasury notified a Delaware-based trust that it is blocking $1 billion in assets for its connection to sanctioned Russian oligarch Suleiman Kerimov
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 holding and managing Kerimov's US-based assets." Kerimov was sanctioned in April 2018."Kerimov has retained a property interest in Heritage Trust following his designation, which results in Heritage Trust being blocked," the Treasury Department said.
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