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Case C-729/18 P: Judgment of the Court (Seventh Chamber) of 25 June 2020 — VTB Bank PAO, formerly VTB Bank OAO v Council of the European Union, European Commission (Appeal — Restrictive measures adopted in view of the Russian Federation’s actions destabilising the situation in Ukraine — Inclusion of the appellant’s name on the list of entities to which restrictive measures apply — Principle of proportionality — Right to property — Right to carry on an economic activity)
ECLI:EU:UNKNOWN:62018CA0729
62018CA0729
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24.8.2020
Official Journal of the European Union
C 279/3
(Case C-729/18 P) (*)
(Appeal - Restrictive measures adopted in view of the Russian Federation’s actions destabilising the situation in Ukraine - Inclusion of the appellant’s name on the list of entities to which restrictive measures apply - Principle of proportionality - Right to property - Right to carry on an economic activity)
(2020/C 279/04)
Language of the case: English
Parties
Appellant: VTB Bank PAO, formerly VTB Bank OAO (represented by M. Lester QC, J. Dawid, Barrister, C. Claypoole, Solicitor, and J. Ruiz Calzado, abogado)
Other parties to the proceedings: Council of the European Union (represented by M.-M. Joséphidès and J.-P. Hix, acting as Agents), European Commission (represented initially by J. Norris, A. Tizzano and L. Havas, and subsequently by J. Norris and L. Havas, acting as Agents)
Operative part of the judgment
The Court:
1.Dismisses the appeal;
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.
(*)
Language of the case: English.
ECLI:EU:C:2020:140
* * *
(1) OJ C 93, 11.3.2019.