Mikhail Fridman is subject to UK Government sanctions put in place after the start of Russia’s invasion of Ukraine.
Sanctioned Russian-Israeli billionaire Mikhail Fridman is bringing a High Court challenge over decisions made by the Treasury’s Office of Financial Sanctions Implementation
At a hearing in London on Tuesday, the billionaire’s lawyers argued that the decisions were unlawful and asked a judge to order the payments are authorised. Rachel Barnes KC, for Mr Fridman, said in written arguments that his “designation” under the sanctions regime no longer alleges links to Mr Putin, but appears to be based on “his former governance positions relating to Alfa Bank Russia”.
“The only realistic way to ensure that the required maintenance can be carried out is by use of a full-time estate manager together with a team of full-time staff.” “Controlling lighting, hearing and windows is plainly a basic need of any occupier,” Ms Barnes said, adding that the surveyor had mentioned “the repercussions of being unable to control lighting, heating and windows on the art collection”.
Ofis has previously granted a £18,500 payment for TV, audio and phoneline services and “recognised the need for security services”, she said, adding that there had been a “security incident” on September 1.
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