Tycoons Lose UK Bid to Unfreeze Private Jets and Superyacht (1)

A billionaire ally of Roman Abramovich and a Russian owner of a brand new superyacht lost their appeals challenging the UK’s sanctions regime, bolstering the government’s pursuit of Russian assets.

Eugene Shvidler, who’s been described as Abramovich’s “right hand man,” lost his attempt to lift the asset freeze, in the first Court of Appeal decision on the strict measures imposed since Russia’s invasion of Ukraine.

He argued he’s faced “serious hardships” after he saw his private jets impounded by the UK, and pushed back at suggestions he was a close confidant of Russian President Vladimir Putin.

The Phi superyacht near Canary Wharf in London.

Photographer: Jason Alden/Bloomberg

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