The US Treasury announced the blocking of the assets of the fund “associated with Kerimov”
The trust has $1 billion in assets and is registered in Delaware, according to the Treasury Department. Karimov has been under US sanctions since 2018, in the spring Washington included him in the list of persons for priority sanctions control
The US Treasury’s Office of Foreign Assets Control (OFAC) said it had blocked the assets of the Heritage Trust fund, which the agency links to Russian senator and billionaire Suleiman Kerimov. About it reported on the OFAC website.
According to the Ministry of Finance, the fund is registered in the US state of Delaware, it was created in 2017.
“As of June 30, 2022, the Heritage Trust holds over $1 billion in assets. This action ensures that these assets remain blocked and inaccessible to Kerimov,” the agency said. The Ministry of Finance noted that it uses all tools to “expose those who are trying to evade sanctions.”
RBC sent a request to Suleiman Kerimov.
Forbes estimates the fortune of Suleiman Kerimov and his family at $4.4 billion; he has been a senator from Dagestan since 2008. Karimov was included by the US Department of the Treasury in the SDN sanctions list, meaning complete isolation from the American financial system and international dollar settlements, in 2018. In March 2022, he also came under EU sanctions. At the same time, the United States included Kerimov in the list of persons under sanctions control over which is carried out as a priority.
Western countries after the imposition of sanctions against Russian businessmen began to search for their assets for arrest. Thus, the American authorities demanded that the authorities of Fiji arrest the Amadea yacht that was moored in the port of the country, which they associate with Kerimov. At the end of June, she was taken to the port of San Diego in the United States, where she will remain under supervision until the official confiscation and subsequent sale.
In April, the senator’s son, Said Kerimov, who previously controlled PJSC Polyus, fell under sanctions. In early April, Kerimov Jr., on the eve of reports of possible restrictions, reduced his stake in the company from 76.34 to 46.35%.
