The EU court refused to unfreeze the assets of Arkady Rotenberg

The court of General jurisdiction of the European Union, based in Luxembourg, declared illegal the original EU sanctions imposed on businessman Arkady Rotenberg in July 2014. The court agreed with the defense arguments Rothenberg, came to the conclusion that the Council of the EU chose the incorrect original reasons for the freezing of assets of the businessman, should be published in the November 30 press release of the court.

However, Rothenberg will not be able to unfreeze their assets in Europe because the court considered that adjusted in March 2015 to enable the Russian businessman on the sanctions list are legitimate. Protection Rothenberg may appeal the verdict within two months at the European court of justice (European Court of Justice, the highest judicial body of the EU).

In July 2014, the EU included Arkady Rotenberg in the sanctions list, freezing his assets in European jurisdictions, and justified it by the fact that the businessman is “old friend” Russian President Vladimir Putin and his former sparring partner in judo, and that he “made his fortune during the reign of Putin,” has received a number of extremely profitable contracts in preparation for the Olympic games in Sochi. In addition, the EU said that Rothenberg is one of the beneficiaries of the “annexation” of Crimea, as is the main shareholder of “Giprotransmost” — the company that won the tender for designing and preparing the construction of a bridge across the Kerch Strait.

Rotenberg has denied that he owns “Giprotransmost”. In March 2015, the European Union changed the official rationale for the inclusion of the businessman on the sanctions list, adding that Arkady Rotenberg owns stroygazmontazh, which is mandated to build the Crimean bridge and also heads the Board of Directors of the publishing house “Enlightenment”, who conducted “a PR campaign to convince the Crimean children that they are now citizens of Russia”.