A European Union court annulled sanctions imposed on two Russian businessmen in the wake of Russia's invasion of Ukraine, ruling the reasoning behind the punitive measures was not 'sufficiently substantiated.' The EU's General Court found that the European Council did not provide sufficient evidence to justify placing Petr Aven and Mikhail Fridman on its sanctions list.
Aven and Fridman were sanctioned in February 2022 for allegedly having a close proximity to Russian President Vladimir Putin and supporting policies that threatened Ukraine's territorial integrity, sovereignty, and independence. The businessmen appealed, arguing the evidence was unreliable, and the court agreed, finding the sanctions were not adequately justified.
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