Russian Fertilizer Tycoon Mazepin Loses EU Sanctions Appeal
- UralChem founder was targeted by sanctions soon after invasion
- EU General Court rejects his appeal in Wednesday ruling
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Russian fertilizer tycoon Dmitry Mazepin lost his legal challenge to European Union sanctions imposed on him soon after the invasion of Ukraine.
The EU cited “a set of sufficiently specific, precise and consistent” indicators to show “that Mr. Mazepin is a leading businessperson involved in a sector providing a substantial source of revenue to the Russian Government,” the EU’s General Court ruled in Luxembourg on Wednesday. “Consequently, the sanctions imposed on Mr. Mazepin are such as to increase the costs of Russia’s actions in Ukraine.”