1. 

Action for annulment — Natural or legal persons — Measures of direct and individual concern to them — Whether directly concerned — Criteria — Restrictive measures taken having regard to the situation in Ukraine — Acts prohibiting all EU operators from certain types of financial transactions with entities with credit institutions established in Russia included in the lists of entities covered by restrictive measures — Action brought by a credit institution included in those lists — Admissibility

(Art. 263, 4th para. TFEU; Council Decision 2014/512/CFSP, Art. 1(1)(a), and Annex I; Council Regulation No 833/2014, Art. 5(1)(a) and Annex III)

(see paras 51-54, 56)

2. 

Acts of the institutions — Statement of reasons — Obligation — Scope — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Obligation to identify in the statement of reasons the specific and concrete elements justifying the said measure — Decision falling within a context known to the person concerned, enabling him to understand the scope of the measure taken against him — Whether summary statement of reasons sufficient

(Art. 296, 2nd para. TFEU; Charter of Fundamental Rights of the European Union, Art. 41(2)(c); Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see paras 70, 71, 75, 77, 78, 80-82, 84)

3. 

European Union — Judicial review of the legality of the acts of the institutions — Restrictive measures taken having regard to the situation in Ukraine — Ambit of the review

(Art. 275, 2nd para. TFEU; Charter of Fundamental Rights of the European Union, Art. 47; Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see para. 90)

4. 

EU law — Interpretation — Texts in several languages — Differences between the various language versions — Account to be taken of the overall scheme and purpose of the legislation in question

(see para. 95)

5. 

Common foreign and security policy — Restrictive measures taken having regard to the situation in Ukraine — Criteria for adopting restrictive measures — Major credit institution or other institution having an explicit mandate to promote competitiveness of the Russian economy, its diversification and encouragement of investment — Meaning — Cumulative nature of classification as a major credit institution and the existence of such a mandate — None

(Art. 215 TFEU; Council Decision 2014/512/CFSP, Art. 1(1)(a); Council Regulation No 833/2014, Art. 5(1)(a))

(see paras 96-98)

6. 

EU law — Principles — Rights of defence — Right to effective judicial protection — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Obligation to disclose inculpatory evidence — Scope — Unlawfulness of the act depending on proving the procedural relevance of the infringement of that obligation

[Art. 275, 2nd para. TFEU; Charter of Fundamental Rights of the European Union, Arts 41(2)(a) and 47; Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see paras 105-108, 111, 113, 116, 117, 120)

7. 

Common foreign and security policy — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Rights of defence — Notification of inculpatory evidence — Subsequent decision maintaining the name of the applicant on the list of persons covered by those measures — No new grounds — Infringement of the right to be heard — None

(Charter of Fundamental Rights of the European Union, Art. 41(2)(a); Council Decision 2014/512/CFSP, Art. 1(1)(a) and Annex I; Council Regulation No 833/2014, Art. 5(1)(a) and Annex III)

(see paras 122, 123)

8. 

EU law — Principles — Rights of defence — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Right of access to documents — Rights subject to an application in that behalf before the Council — Duty to act within a reasonable time

(Charter of Fundamental Rights of the European Union, Art. 41(2)(a); Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see paras 124, 126)

9. 

Common foreign and security policy — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Restriction on the right to property and the freedom to conduct a business and damage to reputation — No breach of the principle of proportionality

(Charter of Fundamental Rights of the European Union, Arts 16, 17 and 52(1); Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see paras 137, 138, 140, 141, 144, 145, 148-155)

10. 

Common foreign and security policy — Restrictive measures taken having regard to the situation in Ukraine — Restrictions on access to the EU capital market — Judicial review of legality — Appropriateness of the restrictive measures — Restrictive measures pursuing a legitimate aim of the common foreign and security policy

(Art. 21 TEU; Council Decision 2014/512/CFSP; Council Regulation No 833/2014)

(see para. 143)

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.