“Russian oligarch Kerimov owned a fraction of SpaceX, under sanctions – Bloombergsuleiman Kerimov had about 1% of SpaceX’s shares due to Heritage Trust in Delavair since 2017. The possession continued even after the US sanctions against the Russian oligarch in 2018.”, – WRITE ON: Unn.ua
Details
The Russian billionaire Suleiman Kerimov owned a fraction of SpaceX through the Heritage Trust, based in Delawer, since 2017, said four Bloomberg interlocutors, including two former high -ranking American officials.
Initially, the trust owned about 1% SpaceX, according to sources.
The SpaceX Holding began its activity a year before Kerimova and others were subjected to sanctions by the US Department of Finance in response to what it called “the malicious activity of Russia around the world.” The US Ministry of Finance was aimed at blocking its assets and preventing business with US companies.
Citigroup Inc., which was engaged in the daily administration of Heritage Trust, appealed to the Ministry of Finance and decided that there was no need to block the trust and related organizations after Kerimova was subjected to sanctions, and the Trust continued work.
Addition
In April 2018, the United States imposed sanctions against Kerimov, freezing his assets and banning the US transactions with him as part of the Trump administration’s actions to bring Russian officials and oligarchs to justice for the probable profit from corruption and foreign aggression.
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