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Midweek Roundup: US Officials Warned Raiffeisen Bank, Leaked Records Expose Dubai Real Estate Sector, and More

U.S. Treasury Deputy Secretary Wally Adeyemo threatened to sever Raiffeisen Bank's access to the American financial system if the Austrian lender's now-aborted deal with blacklisted Russian oligarch Oleg Deripaska to repatriate €1.5 billion from Russia violated sanctions, Reuters reported. More Adeyemo also raised concerns over Raiffeisen Bank's reported plan to expand in Russia, the Financial Times reported. More Treasury's Office of Foreign Assets Control, also known as OFAC, then designated three Russian entities and an individual for their alleged involvement in a scheme to disguise Deripaska's ownership of the company at the center of the $1.6 billion deal. More OFAC...

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