Tagged: Oleg Deripaska

Appellate Court Upholds OFAC Designation of Oleg Deripaska, a Major Oligarch

The Office of Foreign Asset Control’s designation of an entity as a Specially Designated National (SDN) is the “kiss of death.”  Such designation not only has a direct impact on an SDN’s ability to engage in business but has a ripple effect in the global economy.  Many companies not subject to OFAC regulation in the global marketplace may choose to cease or restrict business with...