Support The Moscow Times!

Abramovich Against Trial

Roman Abramovich asked a British appeals court to reverse a ruling that allowed a $3.9 billion lawsuit against him, filed by former business partner Boris Berezovsky, to go to trial.

Berezovsky sued in 2007 over claims that Abramovich used threats and intimidation to force him to sell shares of Sibneft and Russian Aluminum at a fraction of their value between 2001 and 2003.

Abramovich’s request to dismiss the case before trial was wrongfully denied by a lower court in March 2010, his lawyers argued Tuesday at the Court of Appeal in London. The judge erred in allowing Berezovsky to amend the claims after a limitation period had expired, his lawyers said.

Abramovich allegedly told Berezovsky that the Russian government would expropriate the shares if he didn’t agree to sell them, and that one of his friends would be forced to languish in prison.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.