U.S. Supreme Court leaves Russian billionaire Deripaska under sanctions – Bloomberg

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US Supreme Court upholds Russian billionaire Deripaska, — Bloomberg

The court not only rejected the Russian businessman's appeal, but also made it clear that it did not apply to the statements his lawyer is serious.

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The U.S. Supreme Court has ruled to dismiss the appeal of Russian billionaire Oleg Deripaska demanding that sanctions be lifted from him. The decision comes days after US prosecutors released a criminal charge alleging that Deripaska violated sanctions imposed in 2018 over his ties to Russian President Vladimir Putin. Bloomberg writes about this.

The publication says that the sanctions against Deripaska were imposed on the basis of decrees signed in 2014 by former President Barack Obama in response to Russia's annexation of the Ukrainian peninsula of Crimea. However, Deripaska's lawyer argues that the sanctions were illegal.

In addition, Deripaska himself said that the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) exceeded its powers, as it imposed sanctions that were not related to the emergency position in the country.

The material says that the law on international emergency economic powers gives the President of the United States the right to impose sanctions in the event of a state of emergency in the country. In the petition, Deripaska's lawyer said that any violation of this legislative scheme threatens to remove restrictions from the executive branch.

Journalists write that, in order to prove his position, Deripaska relied on an OFAC press release, which said that the sanctions were introduced in response to the malicious activities of the Russian Federation in the world. His lawyer claimed that the president “did not declare a state of emergency.

Who is Oleg Deripaska?

Oleg Deripaska is a Russian entrepreneur. He is the founder of the Basic Element company, until 2018 In 2008, Deripaska's fortune was estimated at $28 billion, he is suspected of financing Vladimir Putin's projects. At the same time, Ukrainian Foreign Minister Dmitry Kuleba said that the eighth package of sanctions proposed by the EU does not correspond to the level of aggravation of the war.