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The Independent UK
The Independent UK
National
Via AP news wire

Treasury blocks $1 billion trust owned by Russian oligarch

Copyright 2022 The Associated Press. All rights reserved

The Treasury Department said Thursday it has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov.

The move comes after the U.S. seized a $325 million superyacht — the 348-foot-long Amadea — tied to Kerimov earlier this month.

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