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U.S. Fines Gracetown Inc. $7.1M for Sanctions Violations

12/5/2025

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Summary

Story summary

The U.S. Treasury Department fined Gracetown Inc. $7.1 million for sanctions violations tied to managing luxury properties for Oleg Deripaska, the Russian oligarch.
From April 2018 to May 2020, Gracetown received $31,250 in payments linked to Deripaska's interests.
Deripaska has been sanctioned since 2018 for ties to the Russian government.
Gracetown was founded in 2006 and manages properties in New York and Washington, D.C., acquired by Deripaska through entities.

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Story summary

The U.S. Treasury Department fined Gracetown Inc. $7.1 million for sanctions violations tied to managing luxury properties for Oleg Deripaska, the Russian oligarch.
From April 2018 to May 2020, Gracetown received $31,250 in payments linked to Deripaska's interests.
Deripaska has been sanctioned since 2018 for ties to the Russian government.
Gracetown was founded in 2006 and manages properties in New York and Washington, D.C., acquired by Deripaska through entities.