EU General Court Reverses Listing Under Russia Sanctions Regime, Upholds 6 Others
The EU General Court this week upheld one application for delisting under the Russia sanctions regime and rejected six others. The court removed former Ozon CEO Aleksandr Shulgin from the sanctions list, saying his relisting was not justified. The court said that given Shulgin had resigned his post and the European Council had not looked in why listing was still proper, he was not properly sanctioned, according to an unofficial translation.
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The court rejected delisting applications for Dmitry Pumpyanskiy, former TMK and Sinara Group official; his wife, Galina Pumpyanskaya, Sinara chairwoman; and his son, Alexander Pumpyanskiy; Gennady Timchenko, shareholder in Bank Rossiya; his wife, Elena Timchenko, member of the Timchenko Foundation; and Tigran Khudaverdyan, a Yandex official.