Abramovich Loses EU Sanctions Challenge Over Alleged Putin Ties
- EU lower court’s ruling in Abramovich case can be appealed
- Sanctions imposed travel ban, asset freezes since March 2022
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Russian billionaire Roman Abramovich lost a challenge against the European Union’s decision to freeze his funds and ban him from traveling in the 27-nation bloc because of his alleged links to President Vladimir Putin.
The EU “did not err in its assessment” by including and maintaining Abramovich on its sanctions list, the bloc’s General Court ruled in Luxembourg on Wednesday. It also rejected a claim for compensation from the businessman, since he had failed to topple the EU’s sanctions decision.