In a significant judicial decision, the European Union Court of Justice has lifted sanctions against Russian businessmen Mikhail Fridman and Petr Aven, initially targeted following Russia's 2022 incursion into Ukraine. The Luxembourg court found insufficient evidence to justify their inclusion on the sanctions list, particularly concerning the period between February 2022 and March 2023. Despite the European Council's imposition of sanctions, which froze the assets of Fridman and Aven, stakeholders in the Alfa Group conglomerate, the court has now challenged the basis of these measures. However, the duo faces ongoing sanctions reimposed in March 2023, against which they have appealed. The court acknowledged potential connections to President Vladimir Putin but found no conclusive proof of their support for detrimental policies towards Ukraine or financial backing of Russian policy makers.
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