Tycoons Fridman, Aven Win Court Clash With EU Over Sanctions (2)

Russian tycoon Mikhail Fridman and his business partner Petr Aven won surprise victories in their fight against European Union sanctions over their alleged support for President Vladimir Putin and his war on Ukraine.

None of the reasons set out by the EU to justify sanctions for alleged ties with Putin are “sufficiently substantiated,” the bloc’s General Court ruled in Luxembourg on Wednesday. It ordered the EU to annul the restrictive measures it imposed from February 2022 to March last year.

Mikhail Fridman

Photographer: Mikhail Svetlov/Getty Images

The EU failed to demonstrate that the two men “have supported actions or policies that undermine or threaten the ...