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A European Union top court on Wednesday has upheld sanctions imposed on several Russian oligarchs and their relatives.
The Luxembourg-based Court of Justice of the European Union (CJEU) found in a first instance appeal that, while Dmitry Alexandrovich Pumpyanskiy was not directly involved in Russia’s war against Ukraine, he could nevertheless be considered “influential in the oil and gas industry” — a key source of revenue for the Russian government.
Pumpyanskiy, who previously owned a company that manufactured steel pipes for the oil and gas industry and has an estimated net worth of $2 billion (roughly €2 billion), was awarded a fourth-degree “Order for Merit to the Fatherland” by Russian President Vladimir Putin in 2014.
He was hit with an EU travel ban and had his EU assets frozen in March 2022, shortly after Russia’s full-scale invasion of Ukraine.
As the chairwoman of a foundation linked to his business, Pumpyanskiy’s wife, Galina Evgenyevna Pumpyanskaya, was also sanctioned.
Three more tycoons lost their appeals
The EU’s General Court also dismissed an appeal against sanctions by Gennady Timchenko, a Russian tycoon and longstanding ally of President Vladimir Putin who was targeted after Moscow’s 2022 invasion of Ukraine. The court also threw out similar appeals by Timchenko’s wife, Elena.
Two more men — Tigran Khudaverdyan, a former head of Yandex, Russia’s answer to Google, and Alexander Shulgin, a former head of Russia’s e-commerce platform Ozon — also lost their appeals against EU sanctions at the bloc’s General Court.
Individual sanctions against Russian elite
In addition to far-reaching economic sanctions against the Russian state itself, the EU’s 27 member states have imposed punitive measures against around 1,800 individuals considered to have ties to the Kremlin, including high-ranking politicians, military figures and businesspeople.
According to the European court, around 60 further lawsuits have been brought against the EU and are currently pending.
Most notably in March, the mother of the since deceased head of the Russian mercenary group Wagner, Yevgeny Prigozhin, had sanctions against her annulled by the same court.
Wednesday’s ruling against Pumpyanskiy, however, means that other sanctions will remain in place for now, but experts say that some other plaintiffs may have better chances of winning, with EU justifications for sanctions sometimes appearing to be flawed.
dh, mf/msh (AFP, dpa)
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