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Russian businessman Oleg Deripaska files complaint against US Treasury

He called sanctions introduced against him in April 2018 unfair and illegal and noted that his wealth contracted by more than $7.5 bln due to sanctions in the complaint

WASHINGTON, March 15. /TASS/. Russian businessman Oleg Deripaska filed a complaint for declaratory and injunctive relief against the US Treasury Department and Treasury Secretary Stephen Mnuchin with a request for lifting sanctions imposed on him, according to papers of the US District Court for the District of Columbia.

This complaint is also brought against the Office of Foreign Assets Control (OFAC) of the Treasury and OFAC Director Andrea Gacki.

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US stiffens anti-Russian sanctions on Ukraine — US Treasury Department

Deripaska calls sanctions introduced against him in April 2018 as unfair and illegal and notes that his wealth contracted by more than $7.5 bln due to sanctions in the complaint.

The businessman requests the court to order that the US financial authority lifts sanctions introduced earlier against him, exclude him from the so-called ‘Kremlin List’ and stop calling him ‘the oligarch.’

The effect of actions undertaken by US authorities against the businessman "has been the wholesale devastation of Deripaska’s wealth, reputation, and economic livelihood," according to court papers.

The US Treasury Department introduced sanctions against Oleg Deripaska and companies controlled by him on April 6, 2018. Sanctions covered Rusal, Basic Element, En+, Russian Machines, EuroSibEnergo, GAZ Group, B-Finance and Kuban agricultural holding.

On January 27, Washington time (January 28 Moscow time), the US Department of Treasury announced the removal of sanctions against Rusal, En + and EuroSibEnergo. Meanwhile, the restrictions against the co-owner of those companies, Oleg Deripaska, remain in force.

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