The European Union Court of Justice ruled on Wednesday to remove Russian billionaires Mikhail Fridman and Petr Aven from a list of individuals facing European Union sanctions after Russia's attack on Ukraine in 2022. "The General Court considers that none of the reasons set out in the initial acts is sufficiently substantiated and that the inclusion of Mr Aven and Mr Fridman on the lists at issue was therefore not justified," the Luxembourg-based court said in a statement. The funds and economic resources of both men were frozen after the European Council imposed restrictions following the Russian invasion.
(Bloomberg) Russian President Vladimir Putin accepted North Korean leader Kim Jong Un’s invitation to visit Pyongyang “at a convenient time,” the official Korean Central News agency reported. The pair on Wednesday held their first summit in four years for talks the US believed centered on Pyongyang sending arms to help Moscow attack Ukraine. Kim, travelling by luxury armored train, remains in Russia and may tour military equipment facilities in the coming days. Most Read from BloombergCaesars
Russian billionaires have pulled assets worth $50 billion from so-called "unfriendly" European countries since the start of the full-scale war due to mounting sanctions and pressure from the Kremlin, Bloomberg reported on Sept. 14.
Andrei Melnichenko, the founder of fertiliser producer Eurochem, is Russia’s richest person. The country has 110 billionaires, whose wealth increased from $353 billion in March 2022 to $505 billion by March of this year despite Western sanctions