Russian oligarchs want their estates back

Several of Putin's oligarchs are suing the European Union to recover assets they have lost due to sanctions. Their lawsuits will be heard by the EU Court of Justice in Luxembourg, according to 'Bild' on Saturday. They dissociate themselves from the war in Ukraine and the Kremlin host.

As described in "Bild," the oligarchs have made billions thanks to Putin, as the Kremlin ruler has made it possible for them to live in luxury. 

“However, now hundreds of oligarchs have turned their backs on the Moscow warlord," it said. 

Russian billionaires are suing the EU Court of Justice because, in their view, EU sanctions unfairly link them to Putin.

According to information obtained by 'Bild' from the CJEU, a total of 61 individuals and companies from Russia and Belarus have so far filed such lawsuits. They found themselves on EU sanctions lists because they were deemed to have supported Putin financially or politically and thus his campaign against Ukraine.

"This is madness: oligarchs who don't care about the human rights situation in Russia and occupied Ukraine are now complaining about violations of their own fundamental rights. The billionaires claim that their assets in the EU have been unfairly frozen and their mega-yachts illegally confiscated,” 'Bild' noted.

(PAP)