Reuters: U.S. trustees for Russia’s En+ to be paid by En+

A veteran U.S. congressman has criticised what he calls a lack of accountability in a deal to restrict Russian tycoon Oleg Deripaska’s control over his En+ Group after Reuters established that three independent trustees would be paid by En+ itself.

But the lack of disclosure about the deal has frustrated lawmakers trying to conduct oversight, said Lloyd Doggett, a Democratic congressman from Texas who opposed lifting sanctions on Deripaska’s firms.

Doggett said he could not evaluate the arrangement between En+ and its trustees without more information, the lack of which he said reflected a larger “Deripaska favouritism” problem in how Treasury Secretary Steven Mnuchin has overseen the sanctions relief.

“The more we learn about this sordid deal the more it becomes apparent why Treasury has gone to such great lengths to dodge accountability,” said Doggett, who joined a failed attempt last month by Congressional Democrats to block the move to lift sanctions on Deripaska’s empire.

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