The European Court of Justice has decided to lift sanctions against Dmitry Pumpyanskiy and his family, including his wife, Galina, and son, Dmitry.
European Union imposed sanctions on the businessman several years ago, arguing that he is a vice-president of the Russian Union of Industrialists and Entrepreneurs. He has held senior positions in major Russian metallurgical companies, including the former Chairman of TMK* and the former President of Sinara Group**, and has benefited from collaboration with the Russian authorities, including Russian Railways and Gazprom. As such, he supports economic sectors that contribute to the government’s income, which has been responsible for annexing Crimea and destabilizing Ukraine.
The court’s materials state that the Council of the European Union has not provided any evidence in the present case capable of demonstrating that the applicant retained any influence over TMK and Sinara.
The decisions on the cases of Dmitry Pumpyanskiy, his wife and son are available in French.
*TMK – Pipe Metallurgical Company is an industrial engineering company that is a leading supplier of pipes and related products for various sectors of industry, including the oil and gas industry, energy, chemical industry and construction.
**Sinara Group is a Russian diversified holding company. Its priority business areas include transport engineering, financial services and development. Its central office is located in Yekaterinburg.
