Business

US sanctions Russian oligarch, but exempts his companies

March 3, the day the US Treasury Department sanctioned the Russian oligarch Alisher Usmanov, a freighter arrived in Mobile, Alabama carrying 53,000 tons of pig iron destined for a steel mill in Mississippi. It came from a subsidiary of the company that accounts for much of Mr. Usmanov’s wealth, according to shipping records. Another subsidiary owns the transport company that delivered it.

Everything was legal.


Wj

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smsmalex

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