Russian metals mogul Deripaska sues the United States for sanctions

WASHINGTON / NEW YORK (More Bank) – Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that he had exceeded his legal obligations by imposing sanctions on his companies and making him the "last victim" of the US investigation into alleged political interference in Moscow. .

PHOTO FEATURE: Russian aluminum magnate Oleg Deripaska and Minister of Industry and Trade Denis Manturov arrive for an interview between Russian President Vladimir Putin and South Korean President Moon Jae- in the Kremlin in Moscow, June 22, 2018. More Bank / Sergei Karpukhin

In a legal deposit, Deripaska asked the US District Court in Washington to prevent the US Treasury Department from using the "devastating power" of such economic sanctions, which, he said, , was inconsistent with the United States Constitution.

The aluminum company Rusal and its parent company En + were hit by US sanctions in April 2018 when billionaire Washington, John Deripaska, and several other influential Russians were blacklisted, claiming that it was "black and white". they took advantage of their ties with Russian President Vladimir Putin and the "bad activity" of the state around the world.

Washington lifted the sanctions against Rusal and En + in January after an intense lobbying campaign in which Deripaska agreed to sell his stake in En +, giving up control of his corporate empire in order to protect himself from ruin. The sanctions against Deripaska himself remain in force.

A spokesman for Deripaska said that he had filed a lawsuit against the Treasury Department in order not to let his painful job be destroyed by "political maneuvers". The Treasury Department could not be contacted immediately for comment.

The assets that formed the basis of Deripaska's fortune were acquired during the chaotic sale of state-owned mines and factories in the 1990s, following the collapse of the Soviet Union.

Deripaska said its net worth has fallen by more than $ 7.5 billion, or about 81 per cent, since the imposition of sanctions.

In punishing Deripaska, the United States cited allegations that he allegedly murdered a businessman and maintained links with Russian organized crime – accusations he repeatedly rejected on the pretext of rumors unfounded propagated by opponents of the business world.

"Most of the allegations have been the subject of rumors for over two decades but remain as groundless today as they were when they were first raised," he said. said Deripaska in his trial.

The agreement to lift corporate sanctions has thwarted US congressional efforts to maintain restrictions. Russia has denied being ingested in the 2016 US elections.

Report by Susan Heavey and Meredith Mazzilli in Washington, Nathan Layne in New York and Anastasia Lyrchikova in Moscow. Edited by Rosalba O & # 39; Brien

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