Businessman Shvidler loses court challenge to overturn UK sanctions

Evraz

18/08/2023 10:37

LONDON, Aug 18 (Reuters) - A billionaire ally of Russian
businessman Roman Abramovich on Friday lost his attempt at
London's High Court to overturn British sanctions imposed on him
after Russia's invasion of Ukraine.
    Oil tycoon Eugene Shvidler, whose net worth is estimated by
Forbes magazine at $1.6 billion, was sanctioned in March 2022 on
the grounds of his association with former Chelsea Football Club
owner Abramovich. His two private jets were also seized.
    Lawyers for Shvidler – a dual British-U.S. citizen – had
argued Britain was wrong to impose sanctions just because of his
relationship with Abramovich, whom he described as a close
friend.

 (Reporting by Michael Holden; Editing by Kate Holton)
 ((michael.holden@thomsonreuters.com;))