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US Treasury slaps $7.1M fine on New York firm for managing properties for Putin ally

America's Treasury Department has fined a New York property firm over seven million dollars. The company managed luxury homes for Russian oligarch Oleg Deripaska. Deripaska has close ties to Russian President Vladimir Putin. The firm continued dealings despite being warned. This action highlights consequences for violating sanctions. Officials vow to hold accountable those aiding sanctioned individuals.