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    Home > Finance > Russian-Uzbek billionaire Usmanov wins lawsuit against German newspaper, documents show
    Finance
    Russian-Uzbek billionaire Usmanov wins lawsuit against German newspaper, documents show

    Published by Global Banking and Finance Review

    Posted on January 28, 2026

    2 min read

    Last updated: January 28, 2026

    Russian-Uzbek billionaire Usmanov wins lawsuit against German newspaper, documents show - Finance news and analysis from Global Banking & Finance Review
    Tags:financial crisisinvestmentcorporate governancefinancial management

    Quick Summary

    Alisher Usmanov wins a lawsuit against FAZ in Hamburg, challenging EU sanctions' basis. The court bans certain statements from further dissemination.

    Table of Contents

    • Legal Victory for Usmanov
    • Details of the Court Ruling
    • Background on Usmanov's Sanctions
    • Implications of the Decision

    Alisher Usmanov Prevails in Lawsuit Against German Newspaper

    Legal Victory for Usmanov

    MOSCOW, Jan 28 (Reuters) - Russian-Uzbek billionaire Alisher Usmanov has won a legal complaint against German newspaper Frankfurter Allgemeine Zeitung over an article it published about him, court documents obtained by Reuters show.

    Details of the Court Ruling

    In a ruling dated January 23, a Hamburg court prohibited FAZ from disseminating several statements, including allegations about Usmanov's links to top Russian officials, from an April 2023 article titled "On the Kremlin's instructions".

    Background on Usmanov's Sanctions

    Usmanov has a net worth of $18.8 billion, according to the Bloomberg Billionaires Index, and is subject to European Union and U.S. sanctions and a travel ban that were imposed after the start of the war in Ukraine.

    Implications of the Decision

    He has launched multiple lawsuits in Europe with the ultimate goal of having the sanctions lifted. In some, his lawyers contested statements in the media that were used as the grounds for sanctions.

    Usmanov's lawyer, Joachim Steinhofel, said in remarks about the Hamburg court's decision that the statements banned from further dissemination "repeated essential parts of the reasoning behind the sanctions against Mr Usmanov."

    "This (the court decision) allows for the legally substantiated assessment that the EU sanctions' reasoning is nothing more than an accumulation of defamatory, groundless, and thus illegal allegations," he added.

    Last month, Germany agreed with Usmanov to close an investigation into alleged foreign trade law violations, provided that he pay 10 million euros ($11.98 million). In 2024, German prosecutors dropped a money laundering investigation against him.

    (Reporting by Gleb Bryanski, Editing by Timothy Heritage)

    Key Takeaways

    • •Alisher Usmanov wins lawsuit against FAZ.
    • •Hamburg court bans dissemination of certain statements.
    • •Usmanov challenges EU sanctions' basis.
    • •German investigation into Usmanov closed with a fine.
    • •Usmanov's legal actions aim to lift sanctions.

    Frequently Asked Questions about Russian-Uzbek billionaire Usmanov wins lawsuit against German newspaper, documents show

    1What is a legal complaint?

    A legal complaint is a formal statement filed in court by a plaintiff, outlining the claims against a defendant and seeking a legal remedy.

    2What is a court ruling?

    A court ruling is a decision made by a judge or court regarding the outcome of a legal case, often determining the rights and obligations of the parties involved.

    3What is a travel ban?

    A travel ban is a restriction that prohibits an individual from entering or leaving a specific country, often imposed for legal or security reasons.

    4What is defamation?

    Defamation is the act of making false statements about someone that damage their reputation, which can lead to legal action.

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