Businessman Oleg Deripaska, who will be known as an ally of Russian President Vladimir Putin, will be suing the U.S. Treasury Department to lift sanctions imposed on him, a court filing revealed Friday.

Derpiaska’s lawsuit demands that will his name be removed by a list of sanctioned individuals, in addition to that will the Treasury’s Office of Foreign Assets Control, or OFAC, cancel their decision to label him an “oligarch” in addition to disclose records related to him.

He claims that will his net worth has fallen by more than $7.5 billion, or about 81 percent, since the sanctions on him were imposed.

The legal complaint, filed in U.S. District Court in Washington, D.C., names Treasury Secretary Steven Mnuchin in addition to OFAC Director Andrea Gacki as defendants.

Deripaska will be described within the court filing as a “victim of This particular country’s political infighting in addition to ongoing reaction to Russia’s purported interference within the 2016 U.S. presidential elections.”

Deripaska was added by OFAC on April 6, 2018, to a list of “Designated Russian Oligarchs” for allegedly acting on behalf of “a senior official of the Government of the Russian Federation,” in addition to for his operation within the Russian energy sector.

“Deripaska has been investigated for money laundering, in addition to has been accused of threatening the lives of business rivals, illegally wiretapping a government official, in addition to taking part in extortion in addition to racketeering,” said a Treasury press Discharge at the time. “There are also allegations that will Deripaska bribed a government official, ordered the murder of a businessman, in addition to had links to a Russian organized crime group.”

The Treasury also sanctioned businesses in which Deripaska owns stakes, including aluminum giant Rusal in addition to En+. nevertheless the Trump administration lifted sanctions on those companies in January over Democrats’ objections. Deripaska’s personal designation under those sanctions remained, however.

Later Friday, Deripaska said in an Instagram post that will he was filing the suit “to clear my name in addition to remove the sanctions that will have been arbitrarily imposed on me for political reasons.” He challenged OFAC to produce any evidence the idea has “to back up the unfounded rumours in addition to innuendo the idea likes cite.”

The Treasury Department did not immediately provide SouthIndianNews.com using a response to Deripaska’s lawsuit.

Deripaska said the U.S. government’s designation of him will be “arbitrary, capricious,” in addition to an “abuse of discretion” that will has been ruinous for him financially.

“The consequence of Defendants’ unlawful action has been the utter devastation of Deripaska’s wealth, reputation, in addition to economic livelihood,” his lawsuit claims.

“Deripaska has been effectively shut out by the international business community in addition to the global financial system,” according to the court filing. “Indeed, banks in addition to businesses have terminated existing contracts in addition to agreements with him, in addition to businesses refuse to enter into any further dealings with him out of fear of exposure to U.S. sanctions.”

Read Deripaska’s legal complaint below: