REUTERS/Sergei Karpukhin/File Photo/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Sanctioned Russian billionaire Mikhail Fridman cannot spend thousands of pounds a month on the upkeep of his London mansion, containing a 44 million-pound ($53.2 million) art collection, London's High Court ruled on Thursday.
The 59-year-old also wanted to spend 1,850 pounds a month on communications systems, which Fridman said regulate Athlone House's telephones, IT, lighting, heating and security.
Athlone House, in north London, was raided by Britain's National Crime Agency in December, which is the subject of a separate legal challenge by Fridman.
The Russian billionaire, whose net worth is estimated by Forbes magazine at $12.8 billion, has been subject to British sanctions since March 2022, a month after Russia invaded Ukraine.
His designation under Britain's sanctions regime was updated in September to remove a reference to him being a "pro-Kremlin oligarch".
Persons:
Mikhail Fridman, Sergei Karpukhin, Fridman, Judge Pushpinder Saini, Fridman's, OFSI, Saini, Sam Tobin, Deborah Kyvrikosaios
Organizations:
Alfa Group, Russian, Industrialists, Entrepreneurs, REUTERS, Athlone, Athlone House, Britain's National Crime Agency, Forbes, Thomson
Locations:
Russian Union, Moscow, Russia, Russian, Athlone, Britain, Israel, London, Ukraine