This document is an excerpt from the EUR-Lex website
Document 62022TA0235
Case T-235/22: Judgment of the General Court of 15 May 2024 – Russian Direct Investment Fund v Council (Common foreign and security policy – Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine – Prohibition on investing in, participating in or otherwise contributing to projects co-financed by the applicant – Jurisdiction of the General Court – Action for annulment – Locus standi – Admissibility – Plea of illegality – Manifest error of assessment – Rights of the defence – Freedom to conduct a business – Proportionality)
Case T-235/22: Judgment of the General Court of 15 May 2024 – Russian Direct Investment Fund v Council (Common foreign and security policy – Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine – Prohibition on investing in, participating in or otherwise contributing to projects co-financed by the applicant – Jurisdiction of the General Court – Action for annulment – Locus standi – Admissibility – Plea of illegality – Manifest error of assessment – Rights of the defence – Freedom to conduct a business – Proportionality)
Case T-235/22: Judgment of the General Court of 15 May 2024 – Russian Direct Investment Fund v Council (Common foreign and security policy – Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine – Prohibition on investing in, participating in or otherwise contributing to projects co-financed by the applicant – Jurisdiction of the General Court – Action for annulment – Locus standi – Admissibility – Plea of illegality – Manifest error of assessment – Rights of the defence – Freedom to conduct a business – Proportionality)
OJ C, C/2024/3911, 1.7.2024, ELI: http://data.europa.eu/eli/C/2024/3911/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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Official Journal |
EN C series |
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C/2024/3911 |
1.7.2024 |
Judgment of the General Court of 15 May 2024 – Russian Direct Investment Fund v Council
(Case T-235/22) (1)
(Common foreign and security policy - Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine - Prohibition on investing in, participating in or otherwise contributing to projects co-financed by the applicant - Jurisdiction of the General Court - Action for annulment - Locus standi - Admissibility - Plea of illegality - Manifest error of assessment - Rights of the defence - Freedom to conduct a business - Proportionality)
(C/2024/3911)
Language of the case: English
Parties
Applicant: Russian Direct Investment Fund (Moscow, Russia) (represented by: K. Scordis and A. Gavrielides, lawyers)
Defendant: Council of the European Union (represented by: A. Antoniadis and M. Bishop, acting as Agents)
Intervener in support of the defendant: European Commission (represented by: J.-F. Brakeland, C. Giolito and M. Carpus Carcea, acting as Agents)
Re:
By its action under Article 263 TFEU, the applicant seeks, in essence, the annulment of (i) Council Decision (CFSP) 2022/346 of 1 March 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (OJ 2022 L 63, p. 5) and (ii) Council Regulation (EU) 2022/345 of 1 March 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (OJ 2022 L 63, p. 1), in so far as those acts concern the applicant.
Operative part of the judgment
The Court:
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1. |
Dismisses the action; |
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2. |
Orders Russian Direct Investment Fund to bear its own costs and to pay those incurred by the Council of the European Union; |
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3. |
Orders the European Commission to bear its own costs. |
ELI: http://data.europa.eu/eli/C/2024/3911/oj
ISSN 1977-091X (electronic edition)