Why did EU sanctions against Abramovich fail to be overturned?

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EU Sanctions Against Roman Abramovich Upheld by Court Ruling

Russian billionaire Roman Abramovich has failed in his legal bid to overturn European Union sanctions imposed on him following Russia's invasion of Ukraine. The EU's General Court in Brussels rejected his challenge and dismissed his claims for compensation, affirming the Council's decision to maintain his inclusion on sanctions lists.
Role in Evraz Steel Company Cited

The court's decision highlighted Roman Abramovich's significant role within the Russian steel company Evraz. This connection was deemed relevant by the court, particularly given that the steel sector represents a substantial source of revenue for the Russian government. Consequently, the European Council's assessment that his position warranted inclusion on the sanctions lists was not found to be in error.
Abramovich Expressed Disappointment and Disagreement

In a statement following the ruling, Abramovich conveyed his disappointment. He asserted that the court had not adequately considered his arguments, specifically refuting the suggestion that he had benefited from the Russian government or the ongoing conflict. He maintained that he lacks the influence to impact governmental decisions and has not profited from the war in Ukraine.
Sanctions Based on 'Russian Businessman' Designation

Abramovich's statement suggested that the court's decision to uphold the sanctions was primarily based on his classification as a "Russian businessman." He argued that under current broad EU regulations, this designation alone, even as a passive shareholder with no direct ties to the war, was sufficient grounds for continued sanctions, a point he disputes.

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Why did EU sanctions against Abramovich fail to be overturned?

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