UK Court Upholds Sanctions Against Russian Oligarchs

The rulings reinforce the UK's aggressive stance on seizing Russian assets linked to the Ukraine invasion.

UK Court of Appeal upholds sanctions against Russian oligarchs, including a close associate of Roman Abramovich, Eugene Shvidler, and property developer Sergei Naumenko, reinforcing the UK's stance on Russian asset seizures.
The rulings support the UK government's efforts to target Russian assets linked to the invasion of Ukraine, with discussions ongoing about the confiscation of $300 billion of frozen Russian central bank assets.
Prime Minister Rishi Sunak advocates for a more aggressive approach in seizing Russian assets to aid Ukraine, as the UK courts maintain a firm stance on the effectiveness of sanctions.
Shvidler plans to appeal to the Supreme Court after his and Naumenko's appeals were dismissed, challenging the UK's sanctions regime as severe and open-ended.
The UK government has won every court challenge made by sanctions targets, highlighting the judiciary's support for measures aimed at ending the conflict in Ukraine.