Former Chelsea owner Abramovich loses legal action against EU sanctions

abcnews.go.com:

Former Chelsea owner Roman Abramovich has lost in his legal attempt to overturn sanctions imposed by the European Union for his role in the Russian invasion of Ukraine

BRUSSELS — Former Chelsea owner Roman Abramovich lost in his legal attempt to overturn sanctions slapped by the European Union for his role in Russia's invasion of Ukraine, with an EU court dismissing his claim Wednesday.

Abramovich had filed a lawsuit at the EU’s general court against the European Union Council, which imposed punishment on the 57-year-old oligarch in 2022 as part of measures targeting Russia and President Vladimir Putin’s close allies.

“The General Court dismisses the action brought by Mr Abramovich, thereby upholding the restrictive measures taken against him,” the court said Wednesday. “The Council did not in fact err in its assessment by deciding to include then maintain Mr Abramovich’s name on the lists at issue, in the light of his role in the Evraz group and, in particular, its parent company.”

When it sanctioned Abramovich, the 27-nation bloc said he “had privileged access” to Putin and “maintained very good relations with him,” allowing the tycoon to “maintain his considerable wealth.” According to the EU, Abramovich’s economic activities provided substantial revenues to the Russian government.

“He is a major shareholder of the steel group Evraz, which is one of Russia’s largest taxpayers,” the European Council said at the time. “He has therefore been benefitting from Russian decision-makers responsible for the annexation of Crimea or the destabilization of Ukraine.”

Abramovich, whose claim for compensation was also dismissed, can appeal the ruling.

The businessman has also been punished in Britain and had his assets frozen in