Vnesheconombank v Council (Judgment) French Text [2020] EUECJ C-731/18P (25 June 2020)

Vnesheconombank v Council (Judgment) French Text [2020] EUECJ C-731/18P (25 June 2020)

The Court held that the restrictive measures were sufficiently reasoned, as the context and objectives were clear and the appellant's inclusion was based on objective criteria (state ownership/control). The measures were not manifestly inappropriate to the objectives of increasing the cost of Russia's actions in...

Source-derived case information.

Citation
[2020] EUECJ C-731/18P
Parties
Appellant: Bank for Development and Foreign Economic Affairs (Vnesheconombank); Respondent: Council of the European Union; Intervener: European Commission
Jurisdiction
European Union
Procedural Posture
Appeal / Final Judgment on Appeal
Outcome
appeal dismissed
Legal Topics
Restrictive Measures, Sanctions, Ukraine Crisis, Obligation to State Reasons, Manifest Error of Assessment, Right to Effective Judicial Protection, Misuse of Powers, Right to Property, Equality of Treatment
European Union Law International Sanctions Restrictive Measures Sanctions Ukraine Crisis Obligation to State Reasons Manifest Error of Assessment Right to Effective Judicial Protection +3 more

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Summary, issues, holding and outcome

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Parties

Bank for Development and Foreign Economic Affairs (Vnesheconombank)

Appellant

Council of the European Union

Respondent

European Commission

Intervener

Procedural Posture

Appeal / Final Judgment on Appeal

  1. 1 Whether the restrictive measures against Vnesheconombank were sufficiently reasoned
  2. 2 Whether there was a manifest error of assessment by the Council
  3. 3 Whether the right to effective judicial protection was violated

Ratio Decidendi

The Court held that the restrictive measures were sufficiently reasoned, as the context and objectives were clear and the appellant's inclusion was based on objective criteria (state ownership/control). The measures were not manifestly inappropriate to the objectives of increasing the cost of Russia's actions in Ukraine and promoting a peaceful resolution. The appellant's rights to effective judicial protection, property, and equality were not violated, and no misuse of powers was established.

Court Disposition

appeal dismissed

Orders

  • The appeal is rejected.
  • Vnesheconombank is ordered to pay its own costs and those of the Council.