Ex-head of Sibur challenged personal EU sanctions

Ex-head of Sibur Dmitry Konov challenged European sanctions in COURT. Konov was included in the EU sanctions list on March 9,

The former chairman of the board of Sibur Holding, Dmitry Konov, on Wednesday, June 1, challenged the imposition of EU sanctions against him in the EU court. This follows from the case card, other details are not given there.

His official representative confirmed to RBC that the lawsuit was filed: “Dmitry Konov and his lawyers filed an application with the European Court, seeking to remove him from the list of persons subject to EU sanctions.” According to him, Konov, along with his lawyers, believes that there were no factual or legal grounds for imposing sanctions, and they hope that the court will cancel this decision.

Konov was included in the sanctions list of the European Union on March 9. At that time, restrictions were imposed on 14 more Russian businessmen and top managers who “provide support and benefit from the government of the Russian Federation or provide it with a significant source of income.” As a justification, the EU announced the proximity of the main owners of Sibur, Leonid Mikhelson and Gennady Timchenko, to President Vladimir Putin. According to the EU, Sibur is closely linked to the Russian government. “Dmitry Konov works in sectors of the economy that provide significant income to the Russian government,” the document said. Then Britain introduced similar measures.

The EU imposed sanctions against 14 more Russian businessmen and company heads Economy

A few days after the imposition of sanctions, Konov resigned and left the board of directors of Sibur. “Organizational changes are being implemented taking into account the inclusion of Dmitry Konov in the EU and UK sanctions lists and are aimed at increasing the sustainability of Sibur’s business,” the company said in a statement.

After the imposition of European sanctions, many other Russian top managers and businessmen left their posts, including Andrey Melnichenko, former co-owner of SUEK and EuroChem, Andrey Guryev, ex-head of PhosAgro, and Vladimir Rashevsky, a member of the Board of Directors of SUEK.

Some of them have already decided to challenge European sanctions. So, the owner of Severstal, Alexei Mordashov, filed a lawsuit with the EU court in early May. According to BLOOMBERG, litigation due to inclusion in the sanctions lists may take several years. A source close to one of these plaintiffs told RBC that the trial could take up to two years.
 

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