Abramovich's Legal Challenge Fails: EU Sanctions Upheld
Russian billionaire Roman Abramovich has lost his legal challenge against European Union (EU) sanctions imposed on him following Russia's invasion of Ukraine. The EU court in Brussels rejected Abramovich's challenge and dismissed his claims for compensation, citing his role in the Russian steel company Evraz and the significant revenue it provides to the Russian government. Abramovich, who holds Israeli citizenship and is a former owner of Chelsea Football Club, expressed disappointment with the ruling, stating that the court had not considered certain arguments and that he had not benefited from the Ukraine war.