The American Court did Not Decide to Lift the Sanctions Against the Russian Deripaska
OREANDA-NEWS. The federal court for the District of Columbia rejected the claim of the Russian Oleg Deripaska, who demanded that the sanctions imposed against him be lifted. The US Treasury Department acted as the defendant. The case is closed, the decision can be appealed to a higher court.
According to Deripaska, the US Treasury's Office of Foreign Assets Control, which put him on the sanctions list, exceeded its powers. The businessman's lawyers also called his inclusion on the list voluntaristic. Judge Amit Mehta disagreed with these statements.
Deripaska has been suing to have the sanctions lifted since March 2019. He claims that due to restrictions, he has already lost $ 7.5 billion. He also accuses the Department of Treasury's Office of Foreign Assets Control (OFAC) of illegal harassment. The businessman called the accusations of "money laundering in the interests of Putin", which the OFAC is bringing against him, "complete nonsense."
Deripaska himself and all companies controlled by him were included in the sanctions list in 2018. However, at the end of 2019, En + Group and its controlled RusAL and Eurosibenergo were removed from the sanctions. This was done after Deripaska stopped managing the company through the board of directors and reduced his stake in it below 44.95%. Currently, restrictions apply to Deripaska himself and the GAZ Group.