EU AND UK SANCTIONS AFFECTING ROSNEFT ARE LEGAL, SAYS ECJ
April 1st, 2017
A EUROPEAN Court of Justice (ECJ) judgement has confirmed the legal right of the European Union (EU) and the UK to subject Russian oil companies to financial sanctions and implement them using criminal law. These rights had been challenged by Russian oil and gas major Rosneft, and the case had been subsequently referred to the ECJ by the High Court for England and Wales. The ECJ has now confirmed that the EU and Britain were acting within their legal rights when imposing sanctions harming Rosneft over Russia’s Ukraine policies. An ECJ statement on the judgment ...
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