The Russian businessman insisted on recovering 1 million euros from the EU Council as “non-material damage” he suffered.
The European Union’s Court of Justice in Luxembourg rejected Russian oligarch Oleg Deripaska’s claim to lift EU sanctions. This was reported by The Moscow Times on Wednesday, December 18.
The restrictions against the businessman were introduced a few months after the start of Russia’s full-scale war against Ukraine – in April 2022. Deripaska appealed this decision in November of the same year.
Defense of the billionaire that the Council of the EU made a “manifest error” in assessing the reasons for the introduction of strict measures, and also violated the “right to effective judicial protection” and the “principle of proportionality and fundamental right.”
In addition, Deripaska insisted on recovering 1 million euros from the Council of the EU as “non-material damage” he suffered. Having rejected the businessman’s claim, the Luxembourg court ordered Deripaska to pay all legal costs, including those of the EU Council.
Let’s recall that the Austrian banking group Raiffeisen Bank International refused an agreement with Deripaska to buy shares in the construction company Strabag, which would allow the bank to withdraw its income from Russia.
In May, the United States imposed sanctions against the network, which should have helped Deripaska gain access to the frozen $1.5 billion.
Source: korrespondent
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