Russian oligarch sues US Treasury over sanctions
18 Mar 2019

AP — Russian oligarch Oleg Deripaska filed a lawsuit Friday against the U.S. Treasury Department, saying the sanctions against him have caused a “wholesale devastation” of his wealth and reputation.

The billionaire argues he was unfairly and illegally targeted by the U.S. government when he was slapped with sanctions last April targeting tycoons with close ties to the Kremlin.

Deripaska’s net worth has dropped by $7.5 billion and he has watched his businesses “edge to the brink of collapse,” according to the lawsuit, which was filed in federal court in Washington. The suit says it’s an 81 percent decrease in his net worth.

Link to AP

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