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Russians Flock to EU Court in Long-Shot Bids to Topple Sanctions

  • Some 20 sanctioned billionaires have filed EU court appeals
  • EU sanctions challenges can last many years, with wins rare
Dmitry Konov filed his appeal at the EU General Court in Luxembourg on June 1.

Dmitry Konov filed his appeal at the EU General Court in Luxembourg on June 1.

Source: Bloomberg

Updated on

Russian billionaires hit by European Union sanctions over Vladimir Putin’s invasion of Ukraine are flocking to the bloc’s courts in an attempt to extricate themselves from the EU’s target list of rich individuals. History shows their chances of lasting success are slim.

About 20 appeals by some of Russia’s wealthiest tycoons or their family members have already been filed since the EU started imposing the retaliatory measures in February.