EU court confirms sanctions against Russian oligarch Abramovich
Following Russia's attack on Ukraine on February 24, 2022, the EU froze the funds of influential Russian businesspeople and banned them from entering and transiting the European Union. Businessmen from sectors that represent a significant source of income for the Russian government are particularly affected.
Abramovich has Russian, Israeli and Portuguese citizenship. Among other things, he is the main shareholder of the parent company of Ewras, one of the largest Russian steel and mining groups.
The EGC confirmed that this economic sector is a significant source of income for the Russian government. Abramovich was therefore rightly placed on the sanctions list and kept on it. Portuguese nationality and therefore European citizenship is no obstacle to this.
The EU sanctions due to the war in Ukraine also include a ban on Russian aircraft taking off and landing in the EU. A Russian woman, who also has Luxembourg nationality, filed a complaint against this. She has a Luxembourg private pilot's license and uses aircraft at Luxembourg-Findel Airport.
The EGC ruled that private flights within the EU are not affected by the sanctions. Although the Russian woman was therefore successful in the end, the Luxembourg judges formally dismissed her claim.
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- Despite having Portuguese nationality and European citizenship, Russian oligarch Roman Abramovich was still included on the EU's sanctions list due to his business ties to Russia.
- The court of the European Union confirmed the EU's sanctions against Abramovich, as his main stake in the parent company of Ewras, a significant Russian steel and mining group, is seen as a significant source of income for the Russian government.
- The EU's sanctions against Russia also include a ban on Russian aircraft taking off and landing in EU airspace, which has affected a Russian woman who holds Luxembourg nationality and uses aircraft at Luxembourg-Findel Airport.
- The European Court of Justice (EGC) ruled that private flights within the EU are not subject to the sanctions, allowing the Russian woman to continue using her aircraft within EU airspace, although her claim was formally dismissed.
- Notably, the EU's sanctions against influential Russian businesspeople and individuals have affected various sectors, including those that represent a significant source of income for the Russian government.
- As a result of the EU's sanctions, influential Russian businesspeople like Abramovich have suffered financial consequences, including the freezing of their funds and travel restrictions.
Source: www.stern.de
