Russian billionaires hit by European Union sanctions over Vladimir Putin’s invasion of Ukraine are flocking to the bloc’s courts in an attempt to extricate themselves from the EU’s target list of rich individuals. History shows their chances of lasting success are slim.
About 20 appeals by some of Russia’s wealthiest tycoons or their family members have already been filed since the EU started imposing the retaliatory measures in February.
They include Dmitry Konov, former chief executive officer of Sibur Holding, who filed his appeal at the EU General Court in Luxembourg on June 1, adding to challenges by the likes of Roman Abramovich, Andrey Melnichenko and Mikhail Fridman. More appeals are coming in every week.
