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Oxford's Russian non-oligarch

Valentin Gapontsev, the founder and CEO of Oxford laser manufacturer IPG Photonics, sued the U.S. Treasury in December over his listing as a Russian oligarch. According to Gapontsev's lawsuit, the Treasury in a slapdash effort to fulfill a Congressional requirement, copy and pasted Forbes' Russian billionaires list onto a list of Russian oligarchs with close ties to the Kremlin. Despite that Gapontsev is an American citizen, owns a company headquartered in America, and has an amazing ...

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