Farallon Capital Management, a hedge fund founded by Democrat donor Tom Steyer, sold a stake of a Russian oil company to a member of Vladimir Putin’s inner circle and current target of U.S. sanctions. The Free Beacon,
“Farallon Capital Management sold a part of its stake in Russian firm… to an investment firm owned by Russian billionaire Gennady Timchenko… Four years later, in April 2014, the U.S. Treasury Department announced that it would target Timchenko, Volga, and a number of companies associated with them, in a round of sanctions aimed at punishing Russia’s inner circle of oligarchs for the government’s invasion of Crimea. Timchenko has been “acting for or on behalf of or materially assisting, sponsoring, or providing financial, material, or technological support for, or goods and services to or in support of, a senior official of the government of the Russian Federation,” according to the Treasury Department.”
Leave a Reply