Roman Abramovich loses third EU court bid to lift sanctions

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Roman Abramovich loses third EU court bid to lift sanctions
Photo: Martin Meissner/AP/TT

This is the third time that Abramovich has tried in the EU court to have the sanctions imposed over Russia's full-scale war in Ukraine and his close ties to the Russian power elite lifted.

Abramovich has, among other things, accused the EU of targeting him because of his celebrity status - especially as the owner of English football club Chelsea from 2003 to 2022. However, the court ruled that all criteria were sufficiently objective, precise and proportionate, referring to his large ownership stakes in companies that provide significant income to the Russian state.

In parallel, an objection from Hungary's former government to interest income from frozen Russian state assets being used to support Ukraine has also been rejected.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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