Russian billionaire Oleg Deripaska, currently sanctioned by the U.S., is suing the Treasury Department. Here's a look at the puzzling lawsuit: by AngelAuYeung
, the oligarch was busy preparing for Russian Orthodox Easter celebrations and hardly seemed surprised. “The events this morning are very unfortunate but not unexpected,” he wrote toat the time. “Certainly the grounds for putting my name on the list...are groundless, ridiculous and absurd.”
This is likely not the case, says Steven Fish, a political science professor at UC Berkeley and author of. “That is just political theater. Nobody takes Gennady Zyughanov seriously,” says Fish.also finds his net worth claims to be inaccurate and his lawsuit a long shot. On April 6, 2018, the day the sanctions were announced, Deripaska’s net worth was $6.76 billion, according toReal-Time Rankings. On the day he filed his lawsuit , his net worth was $3.58 billion, a 47% drop.
The Washington, D.C.-based lawyer for Deripaska, Erich C. Ferrari of Ferrari & Associates, would not comment specifically on Deripaska’s case, but did speak to. “The fact that suing OFAC has a low success rate is maybe one material factor to consider,” says Ferrari, “But certainly just because they [OFAC] win a lot doesn't mean this person shouldn’t pursue their delisting when they feel that listing is wrong.
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