Billionaire Shvidler Loses Last Ditch Attempt to Lift UK Sanctions
The UK Supreme Court has rejected a legal challenge by billionaire Alexander Shvidler, a close ally of Roman Abramovich, to lift the sanctions imposed on him by the British government. The judges ruled that the sanctions, which were imposed in response to Russia's invasion of Ukraine, must remain in place to be effective. Shvidler had argued that the sanctions were disproportionate and violated his human rights, but the court dismissed his claims, stating that the measures were necessary and appropriate given the severity of the situation in Ukraine. The ruling is a setback for Shvidler and other Russian oligarchs who have sought to challenge the UK's sanctions regime, which has targeted individuals with close ties to the Kremlin. The decision underscores the government's determination to maintain a tough stance against Russia and its supporters in the face of the ongoing conflict.
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