According to his lawyer, the sanctions caused severe reputational harm and the legal consequences have led to continuing financial losses. 9News
Steel mogul Alexander Abramov launched legal action against Foreign Affairs Minister Penny Wong after the former government's April sanctioning of 67 Russian elites and oligarchs over Moscow's invasion of Ukraine.
The sanctions caused severe reputational harm and the legal consequences have led to continuing financial losses, his lawyer Ron Merkel QC told the Federal Court today.He wants the sanctions to be removed, arguing they're unique to Australia as no other country has placed similar bans on Abramov, who co-founded Russia's largest steel producer, Evraz.Australia's sanctions have also impacted Abramov's dealings in New Zealand, Merkel said.
He said the case was unusual as public announcements by former foreign minister Marise Payne, explaining her decision, would form part of the suit. On April 7, Payne announced the government had decided to impose "targeted financial sanctions and travel bans" on 67 individuals "for their role in Russia's unprovoked, unjust and illegal invasion of Ukraine".
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