Russian billionaire Oleg Deripaska said on Sunday he would fight the U.S. government in court for 'weaponizing the financial system' against him.
Oleg Deripaska, a Russian billionaire known to have close ties to the government of President Vladimir Putin, said on Sunday he would fight the U.S. government in court for"weaponizing the financial system" against him.
"I personally was taken in this step by full surprise, and I hope that sooner or later people will recognize it is wrong," Deripaska said. When asked whether he had taken the decision to sue the U.S. Treasury Department at the instruction of the Kremlin, Deripaska said anyone who believed that was"totally wrong."
The commodities magnate claims his wealth dropped by 81 percent, or $7.5 billion, as a result of the sanctions, and that he's"a victim of this country's political infighting." Deripaska's lawsuit demands that his name be removed from a list of sanctioned individuals, and that the Treasury's Office of Foreign Assets Control, or OFAC, cancel their decision to label him an"oligarch" and disclose records related to him. The legal complaint, filed in U.S. District Court in Washington, names Mnuchin and OFAC Director Andrea Gacki as defendants.
United States Latest News, United States 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 »
Oleg Deripaska calls allegations over ties with Paul Manafort 'very absurd'Putin ally Oleg Deripaska told CNBC Sunday that his relations with Paul Manafort ended 'seven or eight years ago.'
Read more »
Russian metals tycoon Deripaska sues U.S. over sanctionsRussian tycoon Oleg Deripaska sued the United States on Friday, alleging that it...
Read more »
Russian oligarch and Putin ally sues Treasury, demands lifting of U.S. sanctionsOleg Deripaska claims 2018 sanctions were unlawful and hurt his wealth and reputation
Read more »
'It is impossible' for US-Russia relations to improve while sanctions are in place, Deripaska saysRussian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in 'muscle-flexing' than improving their relationship.
Read more »
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 »
Russian oligarch and Putin ally sues Treasury, demands lifting of U.S. sanctionsOleg Deripaska claims 2018 sanctions were unlawful and hurt his wealth and reputation
Read more »
Russian metals tycoon Deripaska sues U.S. over sanctionsRussian tycoon Oleg Deripaska sued the United States on Friday, alleging that it...
Read more »