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The US Court Dismissed Russian Billionaire’s Appeal to Lift Sanctions

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The District of Columbia Court of Appeals rejected Oleg Deripaska’s appeal to lift the US sanctions imposed on him in 2018.

According to the judgment by the US Court of Appeals for the District of Columbia Circuit, Deripaska’s claim did not have enough evidence to prove his dissociation from the annexation of Crimea by Russia in 2014.

In 2018, the Office of Foreign Assets Control (OFAC) in the US also imposed sanctions on another Russian oligarch Viktor Vekselberg for his involvement in the Crimean occupation by Russia in 2014.

Deripaska argued in response that the US sanctions and the OFAC accusations were unlawful. It was stated that “the OFAC acted arbitrarily and capriciously by sanctioning him under Executive Order 13662.”

Along with the US government, on March 7, Canadian Prime Minister Justin Trudeau imposed sanctions on Deripaska and other Russian officials over the brutal attack on Ukraine. On March 18, Foreign Minister of Australia and Trade Senator Marise Payne also placed travel restrictions on Deripaska and Vekselberg.

Also read:US and Allies Announce More Sanctions on Russia Over The War in Ukraine

The US, the UK, NATO and G7 leaders imposed new sanctions on Russian strategic objects, Duma and its deputies, plus Sberbank. ...

Article by Yevheniia Savchenko

Yevheniia Savchenko is a Legal Writer at Lawrina. Yevheniia browses through the most interesting and relevant news in the legal and legaltech world and collects them on Lawrina’s blog. Also, Yevheniia composes various how-to guides on legaltech, plus writes product articles and release notes for Loio, AI-powered contract review and drafting software.

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