The Real Deal New York

Officials freeze Russian billionaire’s assets — including his UES mansion

The oligarch is on the sanctions list
October 08, 2018 08:15AM

Russian oligarch Oleg Deripaska’s Upper East Side mansion has been frozen in the midst of his battle with the U.S. government.

Deripaska, an aluminium billionaire, has been placed on the sanctions list due to alleged involvement in murder, money laundering, bribery and racketeering, officials said. He has close with Russian mob leaders and Russian president Vladimir Putin, the New York Post reported.

The U.S. has frozen his assets including mansions Washington, D.C. and one at 11 East 64th Street on the Upper East Side. However, he has arranged to have the ex-wife and children of his business partner, Roman Abramovich, stay at the Manhattan home. Abramovich recently transferred more than $90 million worth of property nearby to his ex.

Officials are also negotiating with Deripaska to give up some of his Europe-based operations, the report said.

Oleg Deripaska and 11 East 64th Street (Credit: Wikipedia and Google Maps)

Deripaska had President Donald Trump’s former campaign manager Paul Manafort on his payroll, the report said. At one point, he planned to make a $56 million investment in Harry Macklowe’s the Drake through a joint venture with Manafort and Rick Gates, as The Real Deal previously reported. Manafort, meanwhile, is cooperating with special counsel Robert Mueller’s Russia investigation. [NYP] — Meenal Vamburkar