Former Chelsea owner Abramovich loses legal action against EU sanctions
1 year ago

Former Chelsea owner Abramovich loses legal action against EU sanctions

Associated Press  

BRUSSELS — Former Chelsea soccer team owner Roman Abramovich lost a legal attempt to overturn European Union sanctions imposed on him for his role in Russia’s invasion of Ukraine, with an EU court dismissing his claim Wednesday. Abramovich filed a lawsuit at the EU’s general court against the European Council, which put the 57-year-old oligarch under sanctions in 2022 as part of measures targeting Russia and President Vladimir Putin’s close allies. “The Council did not in fact err in its assessment by deciding to include, then maintain Mr. Abramovich’s name on the lists at issue, in the light of his role in the Evraz group and, in particular, its parent company.” When it sanctioned Abramovich, the EU said he “had privileged access” to Putin and “maintained very good relations with him,” allowing the tycoon to “maintain his considerable wealth.” According to the 27-nation bloc, Abramovich’s economic activities provided substantial revenues to the Russian government. In a statement to The Associated Press, Abramovich’s press team expressed disappointment with the court’s decision and said he “does not have the ability to influence the decision making of any government, including Russia, and has in no way benefited from the war.” “The court’s decision to maintain the sanctions against Mr. Abramovich were based purely on the court defining Mr. Abramovich as a ‘Russian businessman,’ which under today’s very broad EU regulations is sufficient to remain sanctioned even if you are just a passive shareholder in a business sector with no connection to the war,” the statement said.

History of this topic

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