Russian Energy

December 19, 2018 Oleg Deripaska reduced ownership of EN+ Group PLC, which wholly owns JSC EuroSibEnergo (ESE), and owns United Co. Rusal PLC, from 70% to 49.5% and will not have a vote. Deripaska is to be structurally shielded from having any influence in the companies. “With this letter, we wish to provide you with notification that Treasury intends to terminate the sanctions imposed on En+ Group plc (“En+”), UC Rusal pie (“Rusal”), and JSC EuroSibEnergo (“ESE”) in 30 days.” Letter from the US Treasury, Andrea M. Gacki, Director, Office of Foreign Assets Control to Senate Majority Leader Mitch McConnell

Naftasib 1997: [Jack] “Abramoff was working for Naftasib, the Russian energy company, and that if he performed well on Naftasib then the Russian government would retain him.  That made Waller uncomfortable, he added, because he had read Russian documents that said Naftasib supplied oil to the Russian military” The Boston Globe