Deripaska Sues to Block U.S. Sanctions, Citing $7.5 Billion Loss [View all]
Source: Bloomberg News
Russian businessman Oleg Deripaska sued the U.S. Treasury Department and Treasury Secretary Steven Mnuchin, seeking a U.S. court order lifting sanctions against him.
Deripaska is “the latest victim” of “political infighting and ongoing reaction to Russia’s purported interference” with the 2016 U.S. presidential election, according to the complaint filed Friday. He’s been unfairly and illegally targeted by Treasury’s Office of Foreign Assets Control, and his net worth has dropped by $7.5 billion due to the sanctions, according to the suit.
Spokesmen for the Treasury Department didn’t immediately respond to a request for comment.
Deripaska, the billionaire founder of En+ Group and United Co. Rusal, was among the most prominent tycoons penalized with sanctions by President Donald Trump’s administration. The move followed passage of a law to retaliate against Moscow for meddling in the election. The Treasury slapped sanctions on Deripaska, an ally of Russian President Vladimir Putin, and six other Russian oligarchs in April 2018 in response to the Kremlin’s “malign activity around the globe.”
Read more: https://www.bloomberg.com/news/articles/2019-03-15/deripaska-sues-u-s-treasury-to-block-sanctions-against-him
This takes a lot of chutzpah.
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