Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

EU removes three Russian business leaders from sanctions list

Published 14/09/2023, 11:58
Updated 14/09/2023, 14:36
© Reuters. FILE PHOTO: Grigory Berezkin, Chairman of the Board of Directors of ESN Group, attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 24, 2018. REUTERS/Sergei Karpukhin/File Photo

BRUSSELS (Reuters) -The European Union has removed three Russian business leaders from its sanctions targeting Russia over its invasion of Ukraine, the EU's Official Journal showed on Thursday.

The deletion confirmed an earlier Reuters report.

The EU removed Grigory Berezkin, billionaire Farkhad Akhmedov, and Alexander Shulgin, former head of Russian e-commerce firm Ozon.

"Whether this decision can be seen as a sign of a shift from total sanctions policy to a more discretionary one or whether that would be 'wishful thinking' is difficult to say at this stage," said the team of lawyers representing Berezkin and Shulgin.

A lawyer representing Akhmedov said his client was still pursuing legal action at the European Court of Justice and was waiting for a hearing date.

"This is a recognition that our client should never have been included in the EU sanctions regime. As we have argued relentlessly for 18 months, both before the EU Council and the Court of Justice," Akhmedov's lawyer said.

The Kremlin on Thursday said, without naming any individuals, that Russian business leaders who voiced anti-Russian views in an effort to get personal Western sanctions on them lifted were traitors.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.