The General Court of the EU annulled, on Wednesday 10 April, the European Council’s decision of February 2022 to include Petr Aven and Mikhail Fridman, two of the main shareholders in the Alfa Group conglomerate - which includes one of Russia’s largest banks, Alfa Bank - on the list of persons sanctioned by the EU in response to the Russian invasion of Ukraine.
At the time, the EU27 ruled that Mr Aven and Mr Fridman were “associated with persons also subject to restrictive...