Pumpyansky and Timchenko appealed the court's decision to uphold EU sanctions

Gennady Timchenko

Russian billionaires Gennady Timchenko, Dmitry Pumpyansky, Mikhail Gutseriev and Tigran Khudaverdyan appealed to the European COURT of Justice the decision to uphold the EU sanctions imposed against them , according to notices published on the court’s website.

In addition to them, appeals were filed by members of the families of billionaires: Timchenko’s wife Elena, billionaire Dmitry Mazepin’s son Nikita and Pumpyansky’s wife Galina.

On September 6, the European Court of General Jurisdiction in Luxembourg rejected the claims of Khudaverdyan, Pumpyansky, Gutseriev and Timchenko to lift sanctions imposed due to protests in Belarus and Russia's military operation in Ukraine . The plaintiffs appealed this decision.

Dmitry Pumpyansky has been under European sanctions since March 2022. After their introduction, he left the board of directors of the Pipe Metallurgical Company (TMK) and ceased to be its beneficiary, and also resigned from the management of Sinara. FORBES estimates Pumpyansky's fortune at $1.1 billion.

Sanctions were introduced against Gennady Timchenko back in 2014, after the annexation of Crimea to RUSSIA. Then he said that “let there be sanctions, I’m not against it,” and refused to challenge them on the advice of President Vladimir Putin. According to Timchenko, he is “ready to live” under the restrictions, because they are not only a problem, but also an “stimulus.”

However, in June 2022, Timchenko challenged the sanctions and demanded that the European Union’s assertion that he is one of Russian President Vladimir Putin’s confidants be recognized as a mistake. Forbes estimated his fortune at $20.8 billion.

RBC Pro development program Public speaking: how to feel confident How not to lose the audience: three fail-safe techniques for public speaking Saving a top manager: 10 techniques for answering tricky questions Leadership charisma: how a leader can be heard Anxiety before public speaking: how to cope with it Business coach Matt Abrahams: don’t try to speak “correctly” How to prepare for a remote speech: a checklist for a speaker Imagine that there are bunnies in front of you: 5 myths about public speaking “I will look stupid”: how to overcome the fear of public speaking How to use techniques stand-up comedians in public speaking How to use gestures during a public speaking Public speaking: how to prepare for it quickly and effectively How to answer tricky questions from listeners after a public speaking

Businessman Mikhail Gutseriev was included in the EU sanctions register in the summer of 2021 in connection with the suppression of protests in Belarus. The EU explained the introduction of sanctions against Gutseriev by the fact that he is a long-time friend of the President of Belarus ALEXANDER LUKASHENKO and, thanks to this, has influence in the country’s political elite.

Sanctions against the ex-director of Yandex in Russia Tigran Khudaverdyan were introduced in March 2022. The day after the restrictions were introduced, he left the board of directors and the post of deputy general DIRECTOR of Yandex NV