"EU Court Upholds Sanctions Against Russian Billionaire Abramovich Amid Ukraine War"

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Source: Forbes
"EU Court Upholds Sanctions Against Russian Billionaire Abramovich Amid Ukraine War"
Photo: Forbes
TL;DR Summary

Russian billionaire Roman Abramovich has failed to overturn European Union sanctions imposed on him following Russia's invasion of Ukraine. The General Court of the European Union rejected Abramovich's legal challenge, stating that he had failed to demonstrate that his inclusion on the sanctions list was unlawful. The court upheld the freezing of his assets and travel ban within the EU. Abramovich can appeal the ruling, but it is unclear if he will do so.

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