Senate Intel Statement on Treasury Department’s Sanctions on Oleg Deripaska, Companies

December 19, 2018

WASHINGTON, D.C. – Senate Select Committee on Intelligence Chairman Richard Burr (R-NC) and Vice Chairman Mark Warner (D-VA) released the following statement on the Treasury Department’s announcement that it intends to delist companies owned by Russian oligarch Oleg Deripaska amid restructuring and corporate governance changes:

“Today’s announcement, which comes as a result of negotiated changes to the En+ corporate structure, does not change the fact that Mr. Deripaska, his employees, and his companies work at Vladimir Putin’s behest and operate as de facto representatives of the Russian government - a government that has occupied and intimidated its neighbors, sought to disrupt free and fair elections, violated nuclear treaties, and continued to wage influence campaigns to undermine western democracies, including our own.  While the Treasury Department has made great strides in reducing Mr. Deripaska’s ownership state in En+ and making beneficial changes to the corporate governance, this deal will require constant monitoring to ensure that neither Mr. Deripaska nor the Russian government violate the terms of the agreement. The addition of Victor Boyarkin, one of Mr. Deripaska’s key lieutenants, to the sanctions list will help counter some of Russia’s malign influence efforts, and is a welcome step.  We will continue monitoring these sanctions’ effects, and to hold accountable those who would violate them.”