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Oil tycoon Shvidler loses appeal over UK's Russian sanctions

Oil tycoon Shvidler loses appeal over UK's Russian sanctions

Reuters29-07-2025
LONDON, July 29 (Reuters) - Billionaire oil tycoon Eugene Shvidler on Tuesday lost his appeal against British sanctions imposed on him over Moscow's invasion of Ukraine at the UK's Supreme Court, a ruling lawyers said makes it difficult for similar challenges to succeed.
Russian-born Shvidler, who is a British and U.S. citizen, was sanctioned over his association with former Chelsea Football Club owner Roman Abramovich, plus his former position as a director of London-listed Russian steel producer Evraz (EVRE.L), opens new tab.
Shvidler – whose net worth is estimated by Forbes magazine at $1.6 billion – appealed to the Supreme Court, with his lawyers arguing that others with greater involvement in business of importance to Russia were not sanctioned, citing BP's (BP.L), opens new tab previous joint venture with Rosneft (ROSN.MM), opens new tab.
The Supreme Court rejected Shvidler's appeal by a four-to-one majority in a ruling that Shvidler said "brings me back to the USSR". The ruling also maintains Britain's 100% record of defending its Russian sanctions in court.
Shvidler said in a statement that no British companies or business people with ties to Russian state-owned companies have been sanctioned, adding that Britain's sanctions were "more about cheap virtue-signalling for purely political purposes".
"There may be little public sympathy for me, as a wealthy US/UK businessman, but this judgment applies to all who face state power," he added.
Britain's Foreign Office, which has overseen the sanctioning of more than 1,700 individuals or entities since Russia's invasion, welcomed the ruling "and the message it sends about the strength of the UK sanctions regime".
Shvidler had said British sanctions have destroyed his business and disrupted his and his family's lives. His lawyers previously said he has no involvement in or influence over Russian politics and had not even been to Russia since attending the late Russian President Boris Yeltsin's funeral in 2007.
But the majority of the Supreme Court ruled that the sanctions struck a fair balance between Shvidler's rights and the aims of the sanctions regime.
In the majority's judgment, Judges Philip Sales and Vivien Rose said sanctioning Shvidler "sends a clear signal to people in Mr Shvidler's position that they would be wise to distance themselves from Russian business now".
But Judge George Leggatt, in a strident dissenting ruling, said Britain's "flimsy reasons" for sanctioning Shvidler did not justify the "serious invasion of liberty" sanctions entailed.
He noted BP's profitable joint venture with Rosneft, having two members on its board, and said it was irrational to only sanction Shvidler if "sanctioning an individual for working as a director of a company which had invested in the Russian extractives sector was thought likely to contribute to achieving the purposes" of British sanctions. BP declined to comment.
Maia Cohen-Lask, a partner at Corker Binning, said the Supreme Court's ruling was "a huge blow not just for Mr Shvidler but for any person who has been sanctioned despite their lack of any links to the Putin regime".
The Supreme Court also dismissed a separate appeal brought by Russian businessman Sergei Naumenko, whose 44 million euro ($51 million) superyacht was detained in London.
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Nicola Sturgeon: My miscarriage, sexuality and the day I was arrested

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As I watched the tide go in and out, I thought about the people who might have sat there a century ago, watching the same tides, feeling that they too had the weight of the world on their shoulders, and of those who would do so again, decades from now. It gave me some perspective. When I eventually returned home, a new normality kicked in. It was obviously impossible to put it all out of my mind. I carried a sense of dread and anxiety about what might lie ahead. For almost a year, aside from stories about the investigation appearing in the media (sourced from where, I don't know), nothing happened. And then, in April 2024, almost exactly one year on from the search of our home, Peter was re-arrested and, this time, charged. It was another dark moment in what felt like a nightmare with no end. Even so, it did bring me a brief glimmer of hope. Would I now be formally cleared? It took only a few hours for that possibility to be extinguished. 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We later resolved to try again, but I knew then that we had lost our one chance. I was desolate and heartbroken for myself, but more so for Peter. I was consumed by guilt all over again, convinced that it was all my fault, that the stress of worrying about the impact on the election had caused the miscarriage; that I was being punished for not wanting the baby badly enough, for having even wished it away. These feelings have never quite left me. I have always believed our baby would have been a girl. We would have called her Isla. Her middle name would have been Margaret, after my gran and Peter's mum. She would be in her early teens now, possibly causing us all sorts of trouble. I don't want to give the impression that I am full of regret at not having children. I'm not. If I could turn the clock back and make it so, I would choose to have a child, but only if I could still do the other things I've been able to do too. I don't feel that my life is worth less. But I do deeply regret not getting the chance to be Isla's mum. It might not make sense, but she feels real to me. And I know that I will mourn her for the rest of my life. In the early weeks of 2020, there was an issue gnawing away in the background. I was starting to get under my skin. For some time, social media had been awash with 'rumours' that I was having a secret relationship with a woman. There were slightly different versions of the story, but the consistent theme seemed to be that I was having a torrid lesbian affair with the woman who was at that time the French ambassador to the UK, and who would later become the French Foreign Minister, Catherine Colonna. In one of the variants of the story, there had been a violent encounter between us, involving an iron, in Edinburgh's Balmoral Hotel. We had also supposedly set up a love nest, in a house in Bridge of Allan, that I had bought from Andy Murray's mum, Judy. Normally, I wouldn't have known nor cared about wild stories from the darker recesses of social media, and, if this one had stayed there, it would have been easy to ignore. But by late 2019 it was being openly talked about. My family and friends were being asked about it by people who'd heard it in their local pub. Colleagues were being asked about it on doorsteps. One of our neighbours in Glasgow mentioned it, obliquely, to Peter, presumably thinking he had a right to know that his wife was having an affair. It reached a head in February 2020, when the social media site Guido Fawkes tweeted to the effect that a salacious story about my private life was only still secret because I had a superinjunction in place to stop it being reported. I was furious. It was a blatant lie. Not only was there no superinjunction in place, but such a legal remedy isn't even available in Scots law. Shortly after, the all-consuming focus on Covid put a stop to the rumour, but only for a while. 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However, while the fact I was being lied about got under my skin, the nature of the insult itself was water off a duck's back. Long-term relationships with men have accounted for more than thirty years of my life, but I have never considered sexuality, my own included, to be binary. Moreover, sexual relationships should be private matters. © Nicola Sturgeon 2025. Extracted from Frankly by Nicola Sturgeon (Macmillan £28), published on Thursday. To order a copy go to Free UK standard P&P on orders over £25. Special discount available for Times+ members. Nicola Sturgeon discusses her memoir with Cathy Newman at the Queen Elizabeth Hall, Southbank Centre, London SE1, on August 29;

You were never meant to know about the court service IT bug
You were never meant to know about the court service IT bug

Spectator

time33 minutes ago

  • Spectator

You were never meant to know about the court service IT bug

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