Billionaires Timchenko, Pumpyansky Fail to Escape EU Sanctions
- Duo, family members lose first appeals at EU’s General Court
- Dozens of Russian business bosses have court appeals pending
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Russian billionaires Gennady Timchenko and Dmitry Pumpyansky lost the first round of their bid to escape European Union sanctions over their alleged close ties to President Vladimir Putin.
The EU’s General Court, the bloc’s second-highest tribunal, on Wednesday dismissed their appeals and those of Pumpyansky’s wife and son, and Timchenko’s wife. The decisions can be appealed.