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Reuters
Reuters
Business
Jacqueline Thomsen

Russian oligarch Deripaska loses U.S. court battle to lift sanctions

FILE PHOTO: Russian tycoon Oleg Deripaska attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 3, 2021. REUTERS/Evgenia Novozhenina/File Photo

A U.S. appeals court in Washington on Tuesday rejected a bid by Russian aluminum tycoon Oleg Deripaska to lift sanctions imposed on him by the United States in 2018, finding that American officials had sufficient evidence to back up their action.

A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled against Deripaska's appeal of a federal judge's ruling last year dismissing the oligarch's lawsuit challenging the sanctions. U.S. District Court Judge Amit Mehta had ruled that Deripaska's numerous claims in the lawsuit lacked merit.

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