Manafort-Linked Russian Oligarch Sues Treasury Over Sanctions Against Him

President, Member of the Board of Directors, RUSAL Oleg Deripaska attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 1, 2017 (Photo by Igor Russak/NurPhoto via Getty Images)
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WASHINGTON (AP) — Russian oligarch Oleg Deripaska has filed a lawsuit against the U.S. Treasury Department and wants a federal judge to lift sanctions against him.

Deripaska argues in a lawsuit filed Friday that he was unfairly and illegally targeted by the U.S. government. He was slapped with sanctions last April targeting tycoons with close ties to the Kremlin.

He says that because of the sanctions, he’s suffered from a “wholesale devastation” of his wealth, reputation and economic livelihood.

He says banks are refusing his transactions and businesses fear they could face sanctions for doing business with him.

Deripaska argues in his lawsuit that his net worth has dropped by $7.5 billion because of the sanctions.

In January, the Treasury Department announced it was lifting sanctions on three companies connected to Deripaska.

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  1. This story brings me great joy.

    Seven and a half billion down, all the rest to go. Bummer, Oleg.

  2. Avatar for paulw paulw says:

    Is this epic trolling, or does he think the fix is in? Or does he think he’ll be able to request discovery of every the feds know about him that led to making this decision? (Hmm, do the feds get to request all the details needed from him to determine whether he is still an putin-adjacent oligarch?)

  3. Avatar for zach zach says:

    Yeah, I wish I had enough money to lose $7.5 billion.

  4. “He says that because of the sanctions, he’s suffered from a “wholesale devastation” of his wealth, reputation and economic livelihood.”

    Oleg, don’t take it personally, its just business.You know how it goes.

  5. Maybe I’m crazy, but aren’t we allowed, as a nation, to decide who outside the US we do business with? That’s essentially what sanctions are–a statement that we don’t wish to do business with you.

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