Abramovich ally fails in High Court bid to quash Russia sanctions

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Abramovich ally fails in High Court bid to quash Russia sanctions
Danmark Seneste Nyt,Danmark Overskrifter
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Judge refuses Oil tycoon's bid to overturn 'unfair' sanctions which 'destroy' his business and 'shattered his reputation'

that ministers were wrong to sanction him simply because of his friendship with Mr Abramovich.

and his role at Russian oil company Sibneft, sold by Mr Abramovich in 2005, as evidence he obtained a financial benefit from Mr Abramovich, who has also been sanctioned. “In my view, whilst the effects of designation are serious, and the claimant and his family have been subjected to enormous inconvenience and no little financial loss, they do not threaten his life or liberty,” the judge Neil Garnham said in his ruling.

“He has never been a citizen of Russia, has not visited Russia for more than 15 years and has been critical of the Russian government’s actions in Ukraine,” Mr O’Kane said in a statement.

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