McConnell was among the advocates for lifting sanctions on Oleg Deripaska's company Rusal.
Rusal, the aluminum company partially owned by Russian oligarch Oleg Deripaska, announced plans to invest around $200 million to build a new aluminum plant in Kentucky just months after the Trump administration removed it from the U.S. sanctions list.
Oleg Deripaska, billionaire and president of United Co. Rusal, poses for a photograph following a Bloomberg Television interview in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Simon Dawson/Bloomberg/Getty Images Also on Monday, the public affairs company Mercury, which was hired by British Lord Gregory Barker to lobby for the oligarch’s companies to be removed from the U.S. sanctions list, filed a letter under the Foreign Agents Registration Act describing how “the Barker plan permanently removed Oleg Deripaska from control” of his companies EN+ and Rusal. Barker is the executive chairman of Rusal and its parent company EN+.
The agreement struck with the Treasury Department gave the Swiss commodities firm Glencore, a company that has done business with Deripaska for years and whose CEO previously sat on Rusal’s board, some of Deripaska’s lost shares. The Russian bank VTB, nicknamed Putin’s piggy bank, also got a stake in Deripaska’s companies. Some experts have claimed that it is possible Deripaska could use his ties with these companies to exert some influence over Rusal.
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