O The General Court of the EU, according to a statement, today dismissed the appeal filed by Abramovich, confirming the restrictive measures adopted against him by the Council of the EU and refusing a claim for compensation from the businessman.
The ruling states that the Council did not make an error of assessment when it decided to include and then maintain the businessman’s name on the lists of sanctions targets, given that he is the main shareholder in the Evraz group, one of the main Russian groups in the steel and mining sector, a sector that provides a significant source of income to the Russian Government.
The court found that Abramovich was unable to prove the alleged illegality of the inclusion of his name on the sanctions lists.
Following the attack launched on February 24, 2022 by Russia against Ukraine, the EU Council, among other things, froze funds and prohibited the entry or transit of the European bloc of people carrying out activities in economic sectors that provide a source significant revenue to the Kremlin.
These sanctions aim to increase pressure on Russia, as well as the cost of the latter’s actions aimed at undermining Ukraine’s territorial integrity, sovereignty and independence.
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