EU Court Clears Russian Businessmen Linked to Alfa Group of EU Sanctions

In a significant legal victory, the EU General Court has ruled in favor of Mikhail Fridman and Petr Aven, key figures in Alfa Group, overturning the EU’s sanctions against them. The court cited a lack of evidence supporting their alleged involvement in Russia’s actions against Ukraine.

Despite being targeted for their ties to Alfa Bank and their nationalities, the court deemed their inclusion on the sanctions list unjustified. This decision marks a setback for EU efforts to penalize individuals associated with Russia’s actions in Ukraine, prompting speculation about future legal battles and implications for broader sanctions.