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Ukrainian Billionaire Akhmetov Sues Russia Over Losses Caused By War.

 Rinat Akhmetov (file photo)

Rinat Akhmetov (file photo)

Ukraine's richest man, Rinat Akhmetov, has filed a lawsuit against Russia at the European Court of Human Rights (ECHR), demanding compensation for losses caused by Moscow's invasion of Ukraine.

Akhmetov's System Capital Management (SCM) holding company said in a statement on June 27 that the tycoon had lost billions of dollars in business since Russia launched the war more than four months ago.

"As the owner of Azovstal and many other industrial facilities that have been targeted by the invading Russian armed forces, Mr. Akhmetov seeks to ensure that Russia is held accountable for the destruction it is wreaking across Ukraine," the statement said.

Russian troops took over the Azovstal steelworks in the southeastern Ukrainian port city of Mariupol in May after a siege that lasted weeks as Ukrainian fighters held out inside the massive plant.

Akhmetov is also seeking an order from the court "preventing Russia from engaging in further blockading, looting, diversion, and destruction of grain and steel" produced by his companies, the statement said.

"Evil cannot go unpunished. Russia's crimes against Ukraine and our people are egregious, and those guilty of them must be held liable," SCM quoted Akhmetov as saying.

The statement said Akhmetov was seeking compensation from Russia for the "trampling of his property rights." It also said that while the precise amount of damages cannot yet be assessed, "it is anticipated that Mr. Akhmetov is due billions of dollars from the Russian Federation for its violation of his human rights."

Kremlin spokesman Dmitry Peskov, responding to a question regarding Akhmetov's lawsuit, told reporters in Moscow that Russia was no longer under the jurisdiction of the ECHR, which is in Strasbourg, France.

Russian President Vladimir Putin on June 11 signed a law under which Russia will not follow ECHR rulings made after March 15.

With reporting by Interfax, Reuters, RIA Novosti, and TASS

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