London Daily

Focus on the big picture.
Sunday, Apr 12, 2026

The oligarch sanctions runaround: Freeze, lose in court, and still keep the money

The oligarch sanctions runaround: Freeze, lose in court, and still keep the money

Even if Russian oligarchs sue successfully against Western sanctions, there’s no guarantee they’ll regain control over their assets.

Call it the sanctions runaround.

European authorities have repeatedly imposed asset freezes on Russian oligarchs they accuse of supporting Vladimir Putin's war on Ukraine. The oligarchs often sue — and win — in court. But that doesn't mean they will get their money, art collections or yachts back anytime soon.

In the latest legal setback, British police have admitted that searches of premises linked to tycoon Roman Abramovich were illegal.

According to a legal document, Jersey police have agreed to pay compensation to the former owner of Premier League soccer club Chelsea as their search warrants "were obtained illegally." The police "agrees that the Applicants shall receive a private apology for the unlawful warrants," states the document, reported by Reuters last week and seen by POLITICO.

The European Union also faces a slew of legal challenges. That's because Russia's richest want their money back — and they are taking the EU to court to fight back against asset freezes and visa bans.

The Court of Justice of the EU says it has registered 54 cases connected to the war in Ukraine. These include companies, like state broadcaster Russia Today, and people who have filed multiple cases, although the vast majority have been brought by individuals.

In response, the bloc is starting to quietly drop some of those sanctioned from its hit list, including the sister of Uzbek-born metals tycoon Alisher Usmanov, who sued the EU after being sanctioned in April for allegedly keeping his money on her Swiss bank accounts. The former wife of billionaire Mikhail Fridman, Olga Ayziman, has also been struck off the sanctions list.

EU spokesperson Daniel Ferrie said such de-listings were a standard exercise. "Since sanctions are progressive/regressive depending on whether the actions/behaviour of those targeted persists or changed, it is a natural part of the sanctions regime not only to list but also de-list people if there are reasons for it," Ferrie said, without elaborating on the specific cases.

Whether standard or not, the EU is struggling to close loopholes and ensure that sanctions such as asset freezes are watertight. According to legal experts, the EU’s existing measures are anything but.

At the end of the day, even if the bloc loses in court, the oligarchs' path to restitution can be obstructed by the vagaries of the judicial system.

Here’s how the game works:


1. Don’t give (enough) evidence
The EU is struggling to close loopholes and ensure that sanctions such as asset freezes are watertight


If you want to make an oligarch unhappy, make sure that you don’t specify why they specifically have been hit and keep explanations why you think they’re Putin's friends — or how they’re helping the war — as short as possible. That’ll give a nice excuse for those who are actually supporting the Kremlin’s war in Ukraine to drag you to court, while not giving a chance for those who purportedly don’t support Putin to set the record straight.

“There is an issue with the sanctions regime, because it's often quite subjective in the sense that you kind of determine the relationship of a person with [the] Russian [government]. And of course, it opens room for debate,” said Maíra Martini, Transparency International’s anti-money laundering expert. “I think it's also fair that people can challenge whether their name has been included in the list.”

As “there is a rush to try to implement sanctions and put pressure on as many individuals as possible,” Martini said, many complaints come in — especially because, she said, some parts of the sanctions regime were “not as transparent as they should be.”


2. Make the sanctions about something they’ve done in the past


That might be a counterintuitive one, but sanctions aren’t actually supposed to be about what someone’s done in the past. Instead, lawyer Viktor Winkler, who specializes in sanctions, said they’re supposed to stop, or at least hinder, someone from continuing to do the evil thing the EU says they’re doing — in this case, contributing to war in Ukraine. That means that you can’t punish someone for something they did previously, Winkler said.

A look at the sanctions list shows that that’s something the EU seems to be struggling with.

For many of the listed individuals, the reasons simply cite the person’s position, then adding a catch-all, identical phrase that the person “is therefore responsible for supporting actions and policies which undermine the territorial integrity, sovereignty and independence of Ukraine.”

That’s already a step further, however, with listings from 2014 in response to Russia’s Crimea annexation often focusing on acts of the past instead of explaining how the persons contribute to the ongoing occupation.

Will that hold up in court? We’ll see.


3. Don’t give them an escape route


To make sure you’ll get dragged to court, it’s important that you put in no clause on how the person can get their money back or visa rights reinstated. Just don’t specify what they’ll have to do to get off the sanctions list — say, donate half of their frozen assets to the rebuilding of Ukraine — and you’ll be certain to get slapped by a court case, with lawyers arguing that this is disproportionate.

Thought no one would notice? Disproportionality is one of the top reasons cited in the oligarchs’ filings.

The Court of Justice of the EU says it has registered 54 cases connected to the war in Ukraine


Transparency International’s Martini said the sanctions regime would be stronger if the EU predetermined criteria that would trigger a designation (and published those), and then give oligarchs an escape route.

“You need to be very clear, as well, on how the individual could leave the list. So: what actions are expected from that individual if he wants to see his name being removed from a sanctions list. And then you need to have a process for the individual to be able to challenge that. And you need to be transparent about all of those measures,” she said.


4. Make them self-incriminate


Now, one of the biggest challenges for the EU is how to actually find all the mansions and yachts and money that sanctioned oligarchs have in Europe — it’s not like they’ll happily give up their fortunes.

To make things easier, the EU wants to pass a law that would force oligarchs to disclose the assets they have in the bloc. (Ukraine is pushing hard for this approach, with Deputy Justice Minister Iryna Mudra having gone on a month-long lobbying spree to convince Western allies to confiscate Russian assets).

But that would amount to breaching fundamental principles of law, said Winkler, calling the EU’s sanctions policy “heavily dilettante.”

“The newest regulation contains a blatant violation of the right against self-incrimination,” Winkler said. That’s because the planned rules would force those on the sanctions list “to disclose the very information that is prone to incriminate them since sanctions violation is a crime.”

“Nobody must be forced to disclose information by which he or she would admit to a criminal allegation,” he said, adding that the proposed law would violate EU law and make the bloc vulnerable to being sued: “It is time that the EU becomes more professional in its sanctions measures.”


5. Keep them on anyways


But to really rile them up, just keep them on the lists. All the oligarchs can do is challenge existing decisions in court, and since these cases take years there will be plenty of time keep them on the list under a technically new decision — even if the court determines that they’ve won a specific case. An endless wheel.

“Of course, it’s always indicated on the court’s website that somebody ‘won the case,’ but it’s not really winning. It’s just something on paper, but in fact, the person hasn’t won anything,” said attorney Helen over de Linden, who focuses on Court of Justice cases against sanctions.

Why do oligarchs keep suing the EU, then?

“I’m always astonished about it,” she said. “They always have hope that now they will win their cases.”

Newsletter

Related Articles

0:00
0:00
Close
Meghan Markle Plans Exclusive Women-Focused Retreat During Australia Visit
Starmer and Trump Hold Strategic Talks on Securing Strait of Hormuz Amid Rising Tensions
Unofficial Australia Visit by Prince Harry and Meghan Expected to Stir Tensions with Royal Circles
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
UK Stocks Rise on Ceasefire Momentum and Renewed Focus on Diplomacy
UK to Hold Further Strategic Talks on Strait of Hormuz Security
Starmer Voices Frustration as Global Tensions Drive Up UK Energy Costs
UK Students Voice Concern Over Proposal for Automatic Military Draft Registration
Rising Volatility Drives Uncertainty in UK Fuel and Petrol Prices
UK Moves to Deploy ‘Skyhammer’ Anti-Drone System to Strengthen Airspace Defense
New Analysis Explores UK Budget Mechanics in ‘Behind the Blue’ Feature
Man Arrested After Four Die in Channel Crossing Tragedy
UK Tightens Immigration Framework with New Sponsor Rules and Fee Increases
UK Foreign Secretary Highlights Impact of Intensified Strikes in Lebanon
UK Urges Inclusion of Lebanon in US-Iran Ceasefire Framework
UK Stocks Ease as Ceasefire Doubts in Middle East Weigh on Investor Confidence
UK Reassesses Cloud Strategy Amid Criticism Over Limited Support Measures
UK Calls for Full and Toll-Free Access Through Strait of Hormuz Amid Rising Tensions
Starmer Signals Strategic Shift for Britain Amid Escalating Iran-Linked Tensions
UK Issues Firm Warning to Russia Over Covert Underwater Military Activity
OpenAI Halts Stargate UK Project, Casting Uncertainty Over Britain’s AI Expansion Plans
Starmer Voices Frustration Over Global Pressures Driving UK Energy Costs Higher
UK Deploys Military Assets to Protect Undersea Cables From Suspected Russian Threat
Canada Aligns With US, UK and Australia as Europe Prepares Major Digital Border Overhaul
Meghan Markle’s Planned Australia Appearance Sparks Fresh Speculation
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
UK to Partner with Shipping Industry to Rebuild Confidence in Strait of Hormuz, Cooper Says
UK Interest Rate Expectations Ease Following US–Iran Ceasefire Agreement
Starmer Signals Major Effort Needed to Fully Reopen Strait of Hormuz During Gulf Visit
UK Fuel Prices Face Ongoing Volatility Amid Global Pressures and Domestic Factors
Kanye West’s Planned Italy Festival Appearance Draws Debate After UK Entry Ban
Smuggling Routes Shift Toward Belgium as Migrant Crossings to UK Evolve
Ceasefire Offers Potential Relief for UK Fuel and Food Prices Amid Ongoing Uncertainty
Iran Conflict Raises Questions Over UK’s Global Influence and Military Preparedness
Senator McConnell Visits Kentucky to Highlight Federal Investment in Local Projects
Kanye West Barred from Entering UK as Legal Grounds Come into Focus
UK Denies Visa to Kanye West After Sponsors Withdraw from Wireless Festival
Trump-Era Forest Service Restructuring Leads to Closure of UK Lab Focused on Kentucky Woodland Health
Foreign Students in the UK Describe Harsh Living Conditions and Financial Pressures
Reform UK Proposes Visa Restrictions on Nations Pursuing Reparations Claims
Public Reaction Divides Over UK Decision to Bar Kanye West
Calls Grow for UK to Review US Base Access Following Concerns Over Escalating Rhetoric
UK Indicates It Will Not Permit Use of Its Bases for Potential US Strikes on Iran’s Energy Infrastructure
UK Prime Minister Defends Decision to Bar Kanye West, Questions Festival Booking
UK Accelerates Efforts to Harmonise Medical Technology Rules with United States
Wireless Festival Cancelled After Kanye West Denied Entry to the United Kingdom
Australia’s most decorated living soldier was arrested at Sydney Airport and charged with five counts of war-crime murder for the killing of unarmed Afghan civilians
The CIA’s Secret Technology That Can Find You by Your Heartbeat Successfully Locates Downed Airman
Operation Europe: Trump Deploys Vance to Hungary to Save the EU
King Charles Faces Criticism From Some UK Christians Over Absence of Easter Message
×