Russian Billionaires’ Challenges to EU Sanctions Mount Up

  • Alexey Mordashov files appeal at bloc’s second highest court
  • EU court appeals over sanctions can take years to resolve
Alexey MordashovSource: Bloomberg
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A high profile Russian billionaire mounted a fresh challenge to strike down strict European Union sanctions imposed on him in response to Russia’s invasion of Ukraine.

Alexey Mordashov joined a growing list of well-known businessmen trying to fight the restrictions in European courts -- a process that can take years to resolve.