The court rejected Fridman’s claim related to expenses on the London mansion
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On October 26, the High Court of London rejected the lawsuit of the sanctioned Russian oligarch Mikhail Fridman, who sought to cancel the ban on the use of his frozen funds to maintain a London mansion in the north of the British capital.
The 59-year-old businessman filed a lawsuit after the authorities refused to allow him monthly payments in the amount of 30 thousand pounds sterling.
Friedman’s request to cover the costs of maintaining the Athlone House property was rejected by the British Financial Sanctions Authority. The agency considered that if a businessman gets the opportunity to spend money on the maintenance of a mansion, he will be able to lead the same lifestyle as before the introduction of sanctions.
The judge of the High Court, Pushpinder Sany, agreed with the arguments of the Sanctions Office and decided that the lifting of the ban would undermine the regime of restrictions, the Russian service of the BBC reports the details of the case.
- Mikhail Fridman, the co-founder of Alfa-Bank, is under sanctions from the United States, the European Union, and Great Britain.
- Friedman did not publicly support Russia’s war against Ukraine, but he did not condemn the actions of the Russian authorities either. His name appears in the investigation of the “Project” about oligarchs who did not publicly speak out about the war, but continue to earn on contracts with the Ministry of Defense.
- The British government called Friedman a “pro-Kremlin oligarch” with close ties to Vladimir Putin. Friedman denied it.
- On October 9, Mikhail Fridman said that he had moved from Great Britain to Israel, but because of the hostilities that had begun there, he is currently in Moscow, and in the future he intends to visit Russia regularly.
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