FRANKFURT: Russian tycoon Oleg Deripaska dismissed the latest US sanctions on a series of companies that the US Treasury said were connected to a scheme to evade sanctions and unlock frozen shares as nonsense.
“This balderdash isn’t worth the time,” Deripaska said by message via a spokesperson in response a Reuters request for comment about the latest US sanctions.
“While the horrific war in Europe claims hundreds of thousands of lives every year, politicians continue to engage in their dirty games. I strongly believe that we need to do everything we can to establish peace, not serve the interests of warmongers,” he said.
The US Treasury on Tuesday announced it had sanctioned a web of Russian companies it said were being used to disguise ownership of a $1.6 billion industrial stake controlled by Deripaska.
Austria’s Raiffeisen Bank International was planning to buy the stake and dropped the transaction following mounting US pressure to abort the bid.
In its sanctions announcement, the US Treasury alleged it was an “attempted sanctions evasion scheme” to unfreeze a stake using “an opaque and complex supposed divestment.”
Since Russia’s invasion of Ukraine, Deripaska has been sanctioned by Britain for his alleged ties to Putin. He has mounted a legal challenge against the sanctions which he says are based on false information and ride roughshod over the basic principles of law and justice.
Deripaska, who made his fortune by buying up stakes in aluminum factories has also been subjected to sanctions by the United States, which in 2018 took measures against him and other influential Russians.
Those sanctions were “groundless, ridiculous and absurd,” Deripaska has previously said.
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Russian tycoon Deripaska calls latest US sanctions ‘balderdash’
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Russian tycoon Deripaska calls latest US sanctions ‘balderdash’
- “I strongly believe that we need to do everything we can to establish peace, not serve the interests of warmongers,” Deripaska said
- Since Russia’s invasion of Ukraine, Deripaska has been sanctioned by Britain for his alleged ties to Putin
Uganda army denies seizing opposition leader as vote result looms
KAMPALA: Uganda’s army denied claims on Saturday that opposition leader Bobi Wine had been abducted from his home, as counting continued in an election marred by reports of at least 10 deaths amid an Internet blackout.
President Yoweri Museveni, 81, looked set to be declared winner and extend his 40-year rule later on Saturday, with a commanding lead against Wine, a former singer turned politician.
Wine said Friday that he was under house arrest, and his party later wrote on X that he had been “forcibly taken” by an army helicopter from his compound.
The army denied that claim.
“The rumors of his so-called arrest are baseless and unfounded,” army spokesman Chris Magezi told AFP.
“They are designed to incite his supporters into acts of violence,” he added.
AFP journalists said the situation was calm outside Wine’s residence early Saturday, but they were unable to contact members of the party due to continued communications interruptions.
A nearby stall-owner, 29-year-old Prince Jerard, said he heard a drone and helicopter at the home the previous night, with a heavy security presence.
“Many people have left (the area),” he said. “We have a lot of fear.”
With more than 80 percent of votes counted on Friday, Museveni was leading on 73.7 percent to Wine’s 22.7, the Electoral Commission said.
Final results were due around 1300 GMT on Saturday.
Wine, 43, whose real name is Robert Kyagulanyi, has emerged as the main challenger to Museveni in recent years, styling himself the “ghetto president” after the slum areas where he grew up in the capital, Kampala.
He has accused the government of “massive ballot stuffing” and attacking several of his party officials under cover of the Internet blackout, which was imposed ahead of Thursday’s polls and remained in place on Saturday.
His claims could not be independently verified, but the United Nations rights office said last week that the elections were taking place in an environment marked by “widespread repression and intimidation” against the opposition.
- Reports of violence -
Analysts have long viewed the election as a formality.
Museveni, a former guerrilla fighter who seized power in 1986, has total control over the state and security apparatus, and has ruthlessly crushed any challenger during his rule.
Election day was marred by significant technical problems after biometric machines — used to confirm voters’ identities — malfunctioned and ballot papers were undelivered for several hours in many areas.
There were reports of violence against the opposition in other parts of the country.
Muwanga Kivumbi, member of parliament for Wine’s party in the Butambala area of central Uganda, told AFP’s Nairobi office by phone that security forces had killed 10 of his campaign agents after storming his home.
President Yoweri Museveni, 81, looked set to be declared winner and extend his 40-year rule later on Saturday, with a commanding lead against Wine, a former singer turned politician.
Wine said Friday that he was under house arrest, and his party later wrote on X that he had been “forcibly taken” by an army helicopter from his compound.
The army denied that claim.
“The rumors of his so-called arrest are baseless and unfounded,” army spokesman Chris Magezi told AFP.
“They are designed to incite his supporters into acts of violence,” he added.
AFP journalists said the situation was calm outside Wine’s residence early Saturday, but they were unable to contact members of the party due to continued communications interruptions.
A nearby stall-owner, 29-year-old Prince Jerard, said he heard a drone and helicopter at the home the previous night, with a heavy security presence.
“Many people have left (the area),” he said. “We have a lot of fear.”
With more than 80 percent of votes counted on Friday, Museveni was leading on 73.7 percent to Wine’s 22.7, the Electoral Commission said.
Final results were due around 1300 GMT on Saturday.
Wine, 43, whose real name is Robert Kyagulanyi, has emerged as the main challenger to Museveni in recent years, styling himself the “ghetto president” after the slum areas where he grew up in the capital, Kampala.
He has accused the government of “massive ballot stuffing” and attacking several of his party officials under cover of the Internet blackout, which was imposed ahead of Thursday’s polls and remained in place on Saturday.
His claims could not be independently verified, but the United Nations rights office said last week that the elections were taking place in an environment marked by “widespread repression and intimidation” against the opposition.
- Reports of violence -
Analysts have long viewed the election as a formality.
Museveni, a former guerrilla fighter who seized power in 1986, has total control over the state and security apparatus, and has ruthlessly crushed any challenger during his rule.
Election day was marred by significant technical problems after biometric machines — used to confirm voters’ identities — malfunctioned and ballot papers were undelivered for several hours in many areas.
There were reports of violence against the opposition in other parts of the country.
Muwanga Kivumbi, member of parliament for Wine’s party in the Butambala area of central Uganda, told AFP’s Nairobi office by phone that security forces had killed 10 of his campaign agents after storming his home.
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