A London judge said that a Russian-court ordering Ziyavudin Magomedov to pay billions for pursuing litigation in the UK would be “utterly disproportionate.” Magomedov, who became a billionaire during Dmitry Medvedev’s four-year term as Russian president, sued sanctioned pipeline operator Transneft PJSC and several others for $13.8 billion in the UK.
Read the full article in Bloomberg.