The European General Court of Judiciary has rescinded EU sanctions against the former head of Russian internet retailer Ozon Alexander Shulgin. This is proven by: text Judgment of 6 September.
The court partially satisfied the claim that the entrepreneur objected to its inclusion in the sanctions list. It was justified for the businessman to be covered by the restrictions, but not justified to remain under the restrictions.
The sanctions against Shulgin will remain in effect for at least two more months. During this time, the European Council can appeal.
How did Shulgin come under sanctions?
Entrepreneur hit Under European sanctions on April 8, 2022. The European Council justified this by saying that Shulgin is a “leading businessman” and CEO of Ozon, Russia’s leading e-commerce platform. Also on February 24, 2022, along with “other oligarchs” (about 40 businessmen attended), he met with President Vladimir Putin to discuss actions related to the sanctions of Western countries.
Three days after the implementation of EU sanctions – on April 11 – the CEO of entrepreneur Ozon left his post and resigned from the board. Subsequently, the European Council changed the text of the rationale for the sanctions, naming Shulgin as the ex-president of Ozone, but the clause “participation in economic sectors that provide an important source of income” for the Russian government remained in the document.
Shulgin disagreed with the EU Council’s assessment that he could be seen as a “strong businessman”. The verdict was given in favor of the Russians, as the accused could not prove the legality of the decision.
Who has been sanctioned before?
This was the first precedent for the lifting of EU sanctions on a businessman due to a special operation in Ukraine. Previously, the court canceled such restrictions only in relation to the relatives of entrepreneurs. sanctions removed Evgeny Prigozhin’s mother Violetta and partially From the son of Nikita, the former head of Uralchem dmitry Mazepin (Allowed to communicate with Formula 1 participants and earn income from races)).
US Treasury in March 2022 appeared It is under sanctions restrictions, a subsidiary of ozone retailer Ozon Bank. The credit institution was placed on the sanctions list on February 24, 2022, due to its connection with Sovcombank. The company announced its intention to apply to the Americas department with a request to delist Ozon due to the termination of its relations with Sovcombank.
England in July removed Sanctions against Oleg Tinkov, Russian businessman and founder of Tinkoff Bank. At the end of last year, he announced that he had renounced his Russian citizenship. The US and EU did not impose sanctions on Tinkov.
Who could not object to the sanctions?
September 6 European Court rejected Claims of several large Russian entrepreneurs trying to challenge the sanctions restrictions imposed on them.
The refusal was received by Dmitry Pumpyansky, the former owner of the Pipe Metallurgical Company, Gennady Timchenko, the owner of the private investment group Volga Group, the founder of the Safmar group Mikhail Gutseriev and the former general director of Yandex Tigran Khudaverdyan.
On August 27, Yandex co-founder Arkady Volozh discussed He applied to the EU authorities with a request to be removed from the sanction lists. A few days ago, Volozh openly condemned military operations in Ukraine.
Currently, many Russian businessmen conflict restrictions placed on them. Among them are billionaires Petr Aven, Mikhail Fridman and Andrey Melnichenko.