Dmitry Konov, the former CEO of Sibur, is filing an appeal ag | RussiaGate #Digest

Dmitry Konov, the former CEO of Sibur, is filing an appeal against the sanctions placed on him by the European Union.

Earlier the head of Alfa Bank and LetterOne Group Petr Aven announced that he would also appeal against his sanctions by the EU.

Konov is not a traditional Russian oligarch, he is more of a career executive who enjoyed a formidable reputation in Western petrochemical business.

He was sanctioned only because Sibur's main shareholders - Leonid Mikhelson and Gennady Timchenko - are Putin's cronies.

We do not know what the ruling will be, but it would be an interesting move on behalf of EU to exclude Konov from the sanctions list.