Russian oligarchs to challenge EU sanctions in court. According to the German newspaper Bild, a total of 61 lawsuits are pending before the European Court of Justice in Luxembourg.. Among those filing complaints is energy tycoon Gennady Timchenko, whose case lists a residence address in Switzerland, as the journalists learned from documents they had access to..

Gennady Timchenko seeks 1 million euros (988,000 Swiss francs) compensation from the European Union for their alleged " The businessman claims that he was mistakenly included in the inner circle of Russian President Vladimir Putin.

In addition to Gennady Timchenko, the plaintiffs were the former owner of FC Chelsea Roman Abramovich, the head of the Alfa Group financial group Mikhail Fridman. It is the European Union, not Switzerland, that is the defendant in these lawsuits, although the authorities of the Confederation have imposed sanctions identical to European ones against individuals and legal entities associated with the Kremlin.

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Switzerland freezes 7.5 billion Swiss francs ($7.9 billion. USA) of Russian assets. Germany freezes assets of Russian oligarchs for only €5 billion.