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Treasury Secretary Steve Mnuchin Has Interest in Russian Oligarch’s Finances Who Benefitted From Lifting Sanctions

BY BRIAN HEWS

U.S. Treasury Secretary Steve Mnuchin, who admitted partying on Leonid Blavatnik’s yacht, fought to drop sanctions on Russian oligarch Oleg Deripaska.

Blavatnick is a significant shareholder in Deripaska’s company Rusal.

When Rusal was hit by sanctions they almost closed, now that the sanctions were lifted by Mnuchin, its stock price increased by 24 percent.

When confronted with the conflict, Mnuchin said he had no business interest with Blavatnick.

Later, his spokesperson sent out a tweet saying Mnuchin had “no direct business interest with Blavatnick.”

Mnuchin sold his interest in Rat Pack Studio to Leonid  Blavatnick….

At the very least, Mnuchin should have consulted with the ethics office on his involvement with the negotiations to remove the sanctions.

 

 

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