Russia Sanctions: Konov Loses Alrosa Argument as Court Sets a High Bar for Sanctions Departure

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Dmitry Konov, former head of Russia’s largest petrochemical company, failed to convince the General Court that he left the Alrosa diamond board in April 2022, following a ruling that sets demanding evidentiary standards for anyone building a Russia sanctions exit case on similar grounds.

The General Court dismissed the Russia sanctions annulment action brought by Dmitry Konov on 29 April 2026. Konov, the former chairman of SIBUR Holding, Russia’s largest integrated petrochemical group, challenged his continued listing under the EU’s Ukraine-related restrictive measures. The court upheld both the September 2024 and March 2025 renewal decisions, dismissing his EUR 500,000 moral damages claim.

Konov was first listed under the Russia sanctions regime in March 2022, days after attending the 24 February Kremlin meeting at which Putin briefed a select circle of influential Russian businessmen. Since 2023, his listing has rested on the fact that he remained a member of the supervisory board and strategic planning committee of Alrosa, the state-owned diamond company whose profits flow directly to the Russian government.

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Javier Iglesias
Javier Iglesiashttp://theunionreport.eu
Javier Iglesias holds an MA in International Studies and a BA in History, graduating with Honours from the University of Santiago de Compostela, Spain. He has previously worked in Brussels, at the International Office of the CEU Foundation, where he worked parallel to the work of the Union's institutions, most notably parliament. He also worked at the Spanish Embassy in Ankara, where he was involved in regulatory and political monitoring and reporting. He founded The Union Report in January 2026 while preparing for the Spanish diplomatic corps entrance examination, originally as a structured way to build and organise his own knowledge of EU regulatory output. What began as personal study notes has since grown into a publication open to anyone, including students, legal practitioners, or simply citizens trying to make sense of what Brussels actually produces.

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