The Supreme Court of England and Wales has dismissed Ziyavudin Magomedov’s $5 billion compensation claim against Transneft in connection with the 2018 sale of shares in the Novorossiysk Commercial Sea Port, a move Transneft announced on its official site. The suit, filed in 2023, formed part of a broader set of disputes between Magomedov and the state‑linked oil pipeline company over assets and deals tied to Russia’s energy infrastructure. The court’s January 17, 2025 ruling upheld the position of Transneft’s lawyers and representatives, concluding that the claim lacked the necessary jurisdiction and that all claims of Magomedov were invalid and cannot proceed in the British courts.
Transneft asserted that Magomedov’s side leveraged the tense geopolitical climate to smear the company’s business reputation and to mislead the British court by presenting information about the transaction that it described as unfounded and based on fabricated events. The defense rejected all accusations and emphasized that the 2018 transaction had the required approvals and was carried out under market conditions, with both parties acting within applicable laws and regulations.
It was noted that the court found Magomedov’s claims bore no relation to British jurisdiction and that they should be governed by the laws of the Russian Federation, with the statute of limitations having expired.
Separately, on December 1, 2022, the Moscow Meshchansky Court sentenced Ziyavudin and Magomed Magomedov to 19 and 18 years in a maximum security colony for forming a criminal group and embezzling 11 billion rubles. In April, the Moscow Arbitration Court barred Ziyavudin Magomedov from pursuing further legal actions related to Transneft before the Supreme Court of England and Wales. The original reporting on this sequence comes from Newspapers.Ru. Citation: Newspapers.Ru.
Earlier reports indicated Rosseti PJSC sought over 326 million rubles from the Magomedov brothers, part of civil actions tied to state assets.
Together, these developments illustrate the ongoing interplay between Russian businessmen and cross‑border legal forums as courts delineate jurisdiction and enforce asset‑related claims across borders.