The EU court has upheld sanctions against Rosneft

The EU court has upheld sanctions against Rosneft

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Restrictive measures cannot be used to freeze the Bank assets of the company


Photo: lime/Alex Maishev

The European court in Luxembourg recognized the EU sanctions against Rosneft justified.

It is reported TASS with reference to the decision of the court.

Materials on теме2Leontiev: the decision of the EU court on sanctions against Rosneft absolutely expected the Economy“Rosneft” will be released in Europe via Egypt Economy

“There are no facts which could cast doubt on the validity of the resolution (Council of the EU on sanctions) or received (on the basis of) legal norms”, — is spoken in the decision of the court.

It is noted that EU countries have the right to take judicial action to implement the sanctions but restrictive measures cannot be used to freeze the banking assets of the company.

“Rosneft” submitted the claim to the British authorities about the legality of sectoral EU sanctions imposed on Russia in 2014.

In January 2015, London’s High court sent the claim of “Rosneft” in the Court of the EU, since the Russian company is disputing the decision of the European Union and the British court has no authority to impose a decision on their legality.

See also:

“Rosneft” has returned to the exchange with the gas

The court reversed the penalty with RBC under the claim “Rosneft”

“Rosneft” became the largest independent gas producer