LUXEMBOURG, December 18. /TASS/. The European Court of Justice in Luxembourg has rejected Russian businessman Oleg Deripaska’s appeal against the EU Council demanding that sanctions imposed on him due to the conflict in Ukraine be lifted, a TASS correspondent reported.

"The claim has been dismissed. Oleg Vladimirovich Deripaska has been instructed to bear his [legal] costs and the costs of the EU Council," the judge announced.

As stated in the court files, the businessman’s claim was based on three main arguments. "First plea in law, alleging infringement of the right to effective judicial protection and of the duty to state reasons. Second plea in law, alleging a manifest error of assessment regarding the reasons advanced by the Council. Third plea in law, alleging infringement of the principle of proportionality and of fundamental rights," the document explains.

The businessman also asked the court "to order the Council to make a provisional payment of 1,000,000 euros in respect of the non-material damage suffered by the applicant."

The EU blacklisted Oleg Deripaska in April 2022 for connections to Russia's military operation in Ukraine. According to the EU court's documents, the businessman filed a lawsuit against the EU Council in November 2022.