Abramovich's Legal Challenge Fails as EU Court Upholds Sanctions

Russian billionaire Roman Abramovich has denied benefiting from the war in Ukraine after the European Union's General Court upheld sanctions against him. The court ruled that Abramovich, the majority shareholder in steel and mining group Evraz, provides a "substantial source of revenue" to the Russian government. Abramovich's representatives stated that he does not have the ability to influence any government's decision-making and has not benefited from the war. While disappointed with the ruling, they welcomed that the court did not consider certain arguments presented by the EU Council. Abramovich was targeted by the EU and the UK in March 2022, leading to the freezing of his assets and the sale of his ownership of Chelsea Football Club.