EU Court Overturns Sanctions on Russian Billionaires Fridman and Aven

The European Union's General Court found insufficient evidence to justify sanctions against Mikhail Fridman and Petr Aven, raising questions about the efficacy of the EU's sanctions policy.

The EU General Court ruled there was not enough evidence to support the sanctions against Mikhail Fridman and Petr Aven, major shareholders of Alfa Group.
This ruling applies to their inclusion on the EU's sanctions list from February 2022 to March 2023, although they remain under sanctions due to a recent extension.
The decision marks a significant legal setback for the EU's efforts to penalize individuals associated with the Russian government over the Ukraine conflict.
Critics argue the court's ruling could undermine the integrity of the EU's sanctions regime against Russia.
The court's decision can be appealed at the European Court of Justice, indicating that the legal battle may continue.