Oleg Deripaska claims 2018 sanctions were unlawful and hurt his wealth and reputation
By Jeanne Whalen Jeanne Whalen Reporter covering business around the world Email Bio Follow March 15 at 3:24 PM Russian billionaire Oleg Deripaska sued the Treasury Department and Secretary Steven Mnuchin in U.S. federal court to demand the lifting of remaining U.S. sanctions against him, alleging the measures were illegal and harmed his finances and reputation.
Deripaska, an ally of Russian President Vladimir Putin, claimed that Washington’s 2018 sanctions were “completely untethered” from “legal criteria.” The lawsuit, filed in district court in Washington, D.C., said the oligarch’s net worth has fallen by more than $7.5 billion, or 81 percent, since he and some of his companies were sanctioned for what Treasury called his support of “the Kremlin’s global malign activities.”
In January, the Treasury Department lifted sanctions on three Deripaska-connected companies, but left in place the sanctions on Deripaska himself.Sanctions experts said it is not unusual for sanctioned individuals to sue Treasury. The government usually wins the cases, “since the judiciary is pretty deferential to [Treasury] and the government on issues of national security,” said Peter Harrell, a former State Department official who worked on sanctions policy during the Obama administration.
The D.C.-based lawyer representing Deripaska in the case, Erich Ferrari of Ferrari & Associates, didn’t immediately respond to requests for comment. Ferrari’s online profile says he has previously “worked to have names removed” from Treasury sanctions lists.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putin ally Oleg Deripaska sues Treasury to block sanctions, claims 'utter devastation' of his wealthDeripaska claims that his net worth has fallen by more than $7.5 billion, or about 81 percent, since the sanctions on him were imposed.
Read more »
Treasury sanctions Russia-based bank over attempt to skirt Venezuela sanctions
Read more »
Treasury announces sanctions on Russia over Ukraine ship attacksThe U.S. Treasury on Friday announced sanctions on six Russian individuals and eight entities in response to what it called Moscow's 'continued and...
Read more »
Opinion | Putin and other authoritarians’ corruption is a weapon — and a weaknessDavid Petraeus and Sheldon Whitehouse write in PostOpinions: Putin and other authoritarians’ corruption is a weapon — and a weakness
Read more »
House to vote on series of bills targeting PutinThe four pieces of legislation will focus on aspects of Russia's global aggression that President Trump has previously questioned or denied
Read more »
Russia passes 'fake news' bills, will fine websites that insult authoritiesThe legislation will be passed on President Vladimir Putin to be signed into law.
Read more »
Amy Klobuchar defends her staff treatment, says toughness needed when dealing with PutinSen. Amy Klobuchar's nascent presidential campaign has been dogged by allegations that the Minnesota Democrat mistreated her Senate staff. In an interview with CNN's Poppy Harlow on Thursday, the senator admitted she 'can always do better' with her staff, but said her toughness would be an asset on the world stage.
Read more »
Putin spokesman says “Russiaphobia will only increase” with 2020 U.S. presidential election“Anti-Russian sentiment has always been used as an electoral tool in the U.S.,” Dmitry Peskov said.
Read more »
How a Russian Gas Pipeline Is Driving a Wedge Between the U.S. and Its AlliesThe Nord Stream 2 undersea gas-transport project is a bone of contention with Washington, which fears it will make Germany too reliant on Moscow. “Angela, you got to stop buying gas from Putin.”
Read more »
Russia reveals how much stronger it's become, says military has 'constant combat readiness'Russia Defense Minister Sergei Shoigu said that 'the Russian army is fully equipped with modern weapons.'
Read more »