Rosneft lost the court case against sanctions

Роснефть проиграла суд против санкций

Rosneft also disputes the sanctions of the EU directly before the European court of General jurisdiction

Economic sanctions against Russian companies will remain in force.

The European court in Luxembourg recognized the EU sanctions against Rosneft justified. About it reports Bloomberg with reference to the decision of the court.

Rosneft filed a lawsuit to the British authorities about the legality of sectoral EU sanctions imposed on Russia in 2014. According to representatives of the Russian state company, UK interpreted too widely, resulting in additional unnecessary barriers to Rosneft in international markets.

However, in January of 2015, London’s High court sent the claim to 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.

Rosneft also disputes the sanctions of the EU directly before the European court of General jurisdiction (the second largest in the EU after the European court of justice), but the proceedings on this case is suspended until the decision of the European court in a suit filed in the UK.

Claims in connection with the European sanctions filed as Gazprom Neft, VEB, Sberbank and VTB. The case of Rosneft against the Council of the EU is the first case to challenge the sanctions, initiated by the Russian company. In April of last year, Gazprom Neft and Sberbank have received from the European court to defer consideration of their cases by the sanctions pending a decision on a similar suit Rosneft.

As reported Корреспондент.neton the eve in Paris began hearings on the suit of the Bank against Russia. Ukrainian Bank requires more than a billion dollars compensation for the seizure of assets and businesses in Crimea.

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