On September 11, The European Court of Justice decided to annul EU sanctions against businessman Oleg Deripaska’s cousin Pavel Ezubov (case T-741/22) and the daughter of the head of Transneft, Maya Tokareva (case T-744/22).
In court, Ezubov’s lawyers argued that the reasons for adding his name to the sanctions list were just a series of statements with no connection between them.
The companies Oleg Deripaska handed over to Pavel were not related to military activity.
Oleg Deripska is a Russian billionaire and founder of Basic Element. He is ranked 51st on Forbes’ list of Russian billionaires and has a fortune of $2.8bn Oleg is included in US and EU sanctions lists.
In the case of Maya Tokareva, who is the daughter of Nikolai Tokarev, the CEO of Transneft (the world’s largest pipeline company in the field of oil and petroleum products transportation), her lawyers denied the data upon which sanctions were imposed against her.
The European Union imposed sanctions on Maya Tokareva because she and her ex-husband, Andrei Bolotov, own luxury real estate worth more than $50 million in Moscow, Latvia, and Croatia, which may be connected to Nikolai Tokarev.
Maya Tokareva’s lawyers said that property located in Jurmala, Latvia was transferred to her former husband after her divorce in 2019, so she has not had any connection with property in Latvia since then.
As for the villa located in Croatia, representatives of Maya Tokareva presented an extract from the history of the registration of Trgovački Sud u Zagreb (Commercial Court of Zagreb, Croatia) concerning the company owning this villa. This document shows that Maya Tokarev is the sole shareholder of the company and her father never owned any shares in it.
In addition, Maya’s lawyers said that some information about her had been published by the Moscow Post newspaper. This media is known to publish defamatory materials, as evidenced by recent court decisions.
