OFAC says it should not have included Gasponstev in US Russian oligarch list

The US Treasury has said Valentin P. Gaponstev, a Russian-born US citizen who founded the laser technology company IPG Photonics, should not have been included in a list contained in a Report that had been published under Section 241(a)(1) of the Countering America’s Adversaries Through Sanctions Act (CAATSA). Dr Gaponstev had sought an order to dismiss the Secretary of State …