Billionaire Deripaska loses US sanctions trial

Billionaire Deripaska loses US sanctions trial

The U.S. Supreme Court finally denied billionaire Oleg Deripaska the lifting of sanctions that were imposed on him in 2018 under President Donald Trump.

The court rejected the Russian billionaire’s petition, in which he insisted that the Office of Foreign Assets Control (OFAC) of the US Treasury exceeded its powers. Businessman protection referred for two moments. First, the International Emergency Economic Powers Act, which allows the President of the United States to impose restrictions in the event of a state of emergency.

Secondly, to OFAC’s explanation, which stated that the sanctions against Deripaska were imposed “in response to the malicious actions of [России] worldwide”. At the same time, the US president “did not declare a state of emergency in the country in connection with the global harmful activities of Russia,” the defense noted. But an appeals court in Washington saw no contradiction in OFAC’s actions.

At the end of September, the US Attorney’s Office accused billionaire in evading sanctions. According to prosecutors, the billionaire used the services of New Jersey resident Olga Shrika, who helped him circumvent sanctions. In particular, with the help of Shrika, Deripaska sold a music studio in California for more than $3 million.

Also, the US Attorney’s Office claims that Deripaska used the name of Oleg Mukhamedshin. A person with that name worked in the companies of the billionaire En + Group as Deputy General Director and at Rusal as Director for Strategy and Investor Relations.

Sanctions against Deripaska and related companies (UC Rusal, En+, EuroSibEnergo and GAZ) were introduced in April 2018 on the basis that the businessman acted “on behalf of / in the interests of” high-ranking Russian officials and “works in the energy sector.” Sanctions on the companies were lifted by December 2018 after Deripaska’s share in them was reduced from almost 70% to less than 45%. Restrictions against Deripaska himself and the GAZ group remained in place.

Source link

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *