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Tuesday, March 21, 2023

Abramovich’s longtime business partner challenges sanctions in London

Yevgeny Shvidler, director of investment firm Millhouse, a longtime business partner of billionaire Roman Abramovich, has become the first Russian businessman to challenge the sanctions in a London court. On this subject informed Bloomberg reported.

Shvidler’s defense filed a lawsuit in February. Lawyers believe that the British authorities made significant errors in assessing the businessman’s relationship with Roman Abramovich.

In a conversation with Forbes, an anonymous caller familiar with Shvidler, declaredthat the businessman was never a citizen of the Russian Federation. Shvidler was born in 1964 to a Jewish family in Ufa. In 1991 he emigrated to the United States and in 1994 he became a citizen of the United States. In 2010, Shvidler received British citizenship.

Roman Abramovich fell under British sanctions at the start of March 2022, Yevgeny Shvidler at the end of March. London decided that Shvidler benefited from connections with Abramovich. However, the sanctions were eased a few days later. In particular, sanctions on transport have been lifted. They threatened to stop yachts and planes.

Last year, according to Forbes, Shvidler’s fortune exceeded one and a half billion dollars.

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