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Case T-737/14: Judgment of the General Court of 13 September 2018 — Vnesheconombank 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 in the list of entities to which the restrictive measures apply — Obligation to state reasons — Manifest error of assessment — Right to effective judicial protection — Misuse of powers — Right to property — Freedom to conduct a business — Equal treatment)
ECLI:EU:UNKNOWN:62014TA0737
62014TA0737
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29.10.2018
Official Journal of the European Union
C 392/17
(Case T-737/14) (*)
((Common foreign and security policy - Restrictive measures adopted in view of Russia’s actions destabilising the situation in Ukraine - Applicant’s name included in the list of entities to which the restrictive measures apply - Obligation to state reasons - Manifest error of assessment - Right to effective judicial protection - Misuse of powers - Right to property - Freedom to conduct a business - Equal treatment))
(2018/C 392/20)
Language of the case: Spanish
Parties
Applicant: Bank for Development and Foreign Economic Affairs (Vnesheconombank) (Moscow, Russia) (represented by: J. M. Viñals Camallonga, J.L. Iriarte Ángel and L. Barriola Urruticoechea, lawyers)
Defendant: Council of the European Union (represented by: initially A. de Elera-San Miguel Hurtado and G. Étienne, and subsequently F. Florindo Gijón, P. Mahnič Bruni and H. Marcos Fraile, Agents)
Intervener in support of the defendant: European Commission (represented by: F. Castillo de la Torre, D. Gauci and S. Pardo Quintillán, Agents)
Re:
Application under Article 263 TFEU seeking annulment in part 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, amending Decision 2014/512 (OJ 2014 L 271, p. 54), and 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, amending Regulation No 833/2014 (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 Bank for Development and Foreign Economic Affairs (Vnesheconombank) to bear its own costs and to pay those incurred by the Council of the European Union in these proceedings and in the interlocutory proceedings;
3.Orders the European Commission to bear its own costs.
(*)
Language of the case: Spanish.
ECLI:EU:C:2018:140