The European Court of General Jurisdiction has rejected claims by Russian businessmen Gennady Timchenko, Dmitry Pumpyansky, Mikhail Gutseriev and former Yandex managing director Tigran Khudaverdyan, challenging the EU sanctions imposed against them.

The EU Court rejected the claims of Russian businessmen to lift the sanctions

This is reported by Bloomberg and the German television channel Deutsche Welle (it is on the list of foreign media agents).

Bloomberg notes that Russian businessmen lost the first round in an attempt to avoid EU sanctions: court decisions can be appealed.

The EU imposed sanctions against Pumpyansky and members of his family in March 2022 and extended them in March 2023. After the billionaire was sanctioned, he ceased to be a beneficial owner of the Pipe Metallurgical Company and also left TMK’s board of directors along with his son.

Sanctions against Timchenko were introduced by a decision of the EU Council of February 28, 2022. The billionaire disputed them in June 2022. He demanded not only to lift the sanctions, but also to force the EU to pay him compensation for moral damage. suffered. Timchenko estimated these damages at $1.06 million.

Bloomberg recalled that dozens of wealthy Russian businessmen have gone to the EU court in Luxembourg; they are all trying to get the sanctions lifted and regain control of their assets. Alisher Usmanov, Roman Abramovich, Mikhail Fridman, Petr Aven and others filed lawsuits challenging the EU sanctions.


anastasia marina

Source: RB

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