Son of Russian oligarch Pumpyansky wins appeal against EU sanctions

The European Union’s court stated on Wednesday that Alexander Pumpyansky, the son of Russian businessman Dmitry Pumpyansky, has successfully appealed against the sanctions imposed by the EU due to Russia’s invasion of Ukraine.

According to the court’s decision, Pumpyansky was placed on the sanctions list because the EU council acknowledged that he was no longer president and board member of Sinara or TMK as of March 9, 2022, six months prior to the first round of sanctions and two weeks after the invasion of Ukraine.

Pumpyansky has to be removed from the list of sanctions, according to the European Union General Court’s decision, which was the first decision made by the Court of Justice of the EU (CJEU), which is headquartered in Luxembourg. Pumpyansky’s claim was denied.

The EU now has two months to appeal the decision before the CJEU, the highest court in the EU, according to a court official.

Gazprom, a Russian energy business, sources steel pipes from OAO TMK. Russian investment bank Sinara. According to the EU, both businesses gain from their partnership with Russian state enterprises and the Russian government.

Longtime ally of Russian President Vladimir Putin, Russian oligarch Gennady Timchenko, filed an appeal against the penalties, but the EU court rejected it in September.

The late Russian mercenary chief Yevgeny Prigozhin’s mother achieved a unique triumph over the sanctions in March. Since she was still being punished by other rulings at the time, the court’s decision had no immediate practical impact.

Because of Russia’s conflict in Ukraine, the EU has placed sanctions on about 1,700 individuals and organisations.

Approximately seventy-four Russians have appealed against EU sanctions to the Luxembourg-based court, according to a court official.

(With agency inputs)