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Document 62014TA0734
Case T-734/14: Judgment of the General Court of 13 September 2018 — VTB Bank v Council (Common foreign and security policy — Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine — Applicant’s name included and retained in the list of entities to which the restrictive measures apply — Manifest error of assessment — Obligation to state reasons — Rights of the defence — Right to effective judicial protection — Right to property — Right to carry on an economic activity)
Case T-734/14: Judgment of the General Court of 13 September 2018 — VTB Bank v Council (Common foreign and security policy — Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine — Applicant’s name included and retained in the list of entities to which the restrictive measures apply — Manifest error of assessment — Obligation to state reasons — Rights of the defence — Right to effective judicial protection — Right to property — Right to carry on an economic activity)
Case T-734/14: Judgment of the General Court of 13 September 2018 — VTB Bank v Council (Common foreign and security policy — Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine — Applicant’s name included and retained in the list of entities to which the restrictive measures apply — Manifest error of assessment — Obligation to state reasons — Rights of the defence — Right to effective judicial protection — Right to property — Right to carry on an economic activity)
OJ C 392, 29.10.2018, p. 15–15
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
- Date of document:
- 13/09/2018
- Date lodged:
- 24/10/2014
- Author:
- General Court
- Form:
- Judicial information
- Authentic language:
- English
- Type of procedure:
- Action for annulment - unfounded
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- Case affecting:
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- Related EU case-law document 62014TJ0734
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29.10.2018 |
EN |
Official Journal of the European Union |
C 392/15 |
Judgment of the General Court of 13 September 2018 — VTB Bank v Council
(Case T-734/14) (1)
((Common foreign and security policy - Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine - Applicant’s name included and retained in the list of entities to which the restrictive measures apply - Manifest error of assessment - Obligation to state reasons - Rights of the defence - Right to effective judicial protection - Right to property - Right to carry on an economic activity))
(2018/C 392/18)
Language of the case: English
Parties
Applicant: VTB Bank PAO, formerly VTB Bank OAO (Saint Petersburg, Russia) (represented by: J. Ruiz Calzado, lawyer, C. Claypoole, Solicitor, and M. Lester QC)
Defendant: Council of the European Union (represented by: J.-P. Hix and S. Boelaert, Agents)
Intervener in support of the defendant: European Commission (represented by: L. Havas, T. Scharf and D. Gauci, Agents)
Re:
Application under Article 263 TFEU seeking annulment, first, of Council Decision 2014/512/CFSP of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (OJ 2014 L 229, p. 13), as amended by Council Decision 2014/659/CFSP of 8 September 2014 (OJ 2014 L 271, p. 54), and, secondly, of Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (OJ 2014 L 229, p. 1), as amended by Council Regulation (EU) No 960/2014 of 8 September 2014 (OJ 2014 L 271, p. 3), in so far as those acts concern the applicant.
Operative part of the judgment
The Court:
|
1. |
Dismisses the action; |
|
2. |
Orders VTB Bank PAO to bear its own costs and to pay those incurred by the Council of the European Union; |
|
3. |
Orders the European Commission to bear its own costs. |
