FBI raiding home of Russian oligarch near DC's Embassy Row neighborhood

The Federal Bureau of Investigation is currently raiding a home belonging to Russian oligarch Oleg Deripaska near D.C.’s Embassy Row neighborhood on Tuesday.

READ MORE: New video shows Capitol riot suspects accused of attacking a female media member

The FBI has confirmed that it’s investigating a home at 2501 30th Street, Northwest, but declined to elaborate on the nature of the investigation..

Fox News described Deripaska as a billionaire energy tycoon with ties to Russian President Vladimir Putin. 

He was sanctioned by the Treasury Department under the Trump administration in 2018. 

READ MORE: Capitol Hill bomb threat suspect in custody

"The Russian government operates for the disproportionate benefit of oligarchs and government elites," then-Treasury Secretary Steven Mnuchin said in a statement at the time. 

Download the FOX 5 DC News App for Local Breaking News and Weather

Deripaska consequently sued, saying the sanctions hurt his wealth, reputation and economic livelihood. A U.S. judge ruled against him in June. 

Fox News contributed to this report