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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)
ECLI:EU:UNKNOWN:62014TA0734
62014TA0734
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29.10.2018
Official Journal of the European Union
C 392/15
(Case T-734/14) (*)
((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.
(*) Language of the case: English.
(1) OJ C 16, 19.1.2015.