The General Court of the European Union on Wednesday dismissed the appeal brought by Roman Abramovich, former owner of Premier League club Chelsea, against sanctions imposed by the European Union last year over his support for the Kremlin in the war against Ukraine.
Abramovich is also the main shareholder and controller of Evraz, one of the largest Russian companies in the steel and mining sectors, an industry that generates large returns for the Russian government. That is why the EU will put this sector on its sanctions list.
The restrictive measures prevent Abramovich from entering the EU and entail freezing his assets and assets he has within the Union territory.
Coincidentally, not only is he Russian, but Abramovich also has Israeli and Portuguese citizenship. So the businessman asked about it. Lifting the sanctions They claim they violate his right to free movement within the EU and freedom to do business.
However, the TGUE rejected the request today. whereas the EU Council did not err in its assessment of placing him on the sanctions list and keeping his name in subsequent renewals, given his role in the Evraz Group.
The judges pointed out that inclusion on the sanctions list does not constitute an “unjustified and disproportionate restriction of their rights”. This includes in particular respect for private and family life, freedom to do business and freedom of movement.
The decision reminds us that EU law provides for the possibility to authorize the use of frozen funds to meet basic needs and to grant specific authorizations allowing the release of funds or other economic resources.
And regarding freedom of movement, He’s TGUE considered Abramovich’s accusation “unfounded” because it was based “on a disproportionate interference with this freedom.”
The verdict can even be appealed to the highest court, the Court of Justice of the EU.
(With information from EFE)
Source: La Neta Neta
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