Mikhail Fridman
An EU court struck down sanctions against Russian billionaire Mikhail Fridman.
  • A top EU court struck down sanctions against two billionaire Russian oligarchs on Wednesday.
  • Judges found there was insufficient evidence that they had backed Vladimir Putin's war in Ukraine.
  • The oligarchs, Mikhail Fridman and Petr Aven, are worth almost $20 billion combined, per Bloomberg.

Judges in Brussels struck down sanctions against two Russian billionaires on Wednesday, potentially handing Moscow a big win as the war in Ukraine rages on.

The General Court of the European Union removed Mikhail Fridman and Petr Aven from the trading bloc's sanctions list after finding there was insufficient evidence showing they'd supported Vladimir Putin's February 2022 invasion.