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The European Court of Justice ordered the lifting of sanctions against billionaires Pyotr Aven and Mikhail Fridman

Natasha Kumar By Natasha Kumar Apr11,2024

The European Union Court ordered the lifting of sanctions against billionaires Peter Aven and Mikhail Fridman

Photo: Peter Aven (right) and Mikhail Fridman

The European Union Court upheld the claim of Russian billionaires Peter Aven and Mikhail Fridman, who demanded that EU sanctions be lifted from them. Co-founders of Alfa Bank were included in the sanctions lists after the start of the Russian invasion of Ukraine, Radio Liberty reports.

The justification for the decision on sanctions stated that Aven and Fridman provided material or financial support to Russian government decision makers, and supported actions and policies that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Russian billionaires deny this.

As stated in the court decision, none of the reasons given by the European Union for including billionaires in the sanctions lists are sufficiently justified.                                 

Prepared by: Sergey Daga

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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