Tegernsee – Is oligarch Alisher Usmanov bankrupt after EU sanctions? Along with three other oligarchs, he is suing the European Court of Justice in Luxembourg for relinquishing his Western assets.
In March Usmanov fled from Tegernsi (Bild newspaper reported) to Uzbekistan. Meanwhile, his assets in the European Union (three villas, two boats and a luxury yacht) have been frozen. Reason: Usmanov is on the list of Putin supporters included in the EU sanctions. Rottach’s real estate is still owned by the oligarch, but he is not allowed to rent or sell it.
Now things were no longer supposed to be this noble: along with three other oligarchs Usmanov sued for penalties. Roman Abramovich, Mikhail Fridman and Peter Aven take action with him against sanctions. They see that their rights are being violated because of the sanctions. Usmanov also complains that the European Union bears the court costs of 20,000 euros. Sign of the impact of sanctions?
In order to have a chance in court, perhaps the oligarch will have to prove that they do not have close relations with Putin. Things could get tight for Usmanov here.
He was placed on the sanctions list by EU judges with the following description: “Alisher Usmanov is a pro-Kremlin oligarch with particularly close ties to Russian President Vladimir Putin. He has been named one of Vladimir Putin’s favorite oligarchs.”
Usmanov is also said to have transferred $6 million to influential Putin adviser Valentin Yumashev. It is reported that Dmitry Medvedev, deputy head of the Russian Security Council, former president and prime minister of Russia, used Usmanov’s luxury residences.
Accordingly, the court rejected Usmanov’s urgent request against penalties only a few days later. Bad luck for the companies in Tegernsee that built the villas. According to t-online, they should still have bills due. What will be paid for – uncertain.