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CJEU Case C-729//18 P / Judgment

VTB Bank PAO, formerly VTB Bank OAO v Council of the European Union

Deciding Body type:
Court of Justice of the European Union
Deciding Body:
Court (Seventh Chamber)
Type:
Decision
Decision date:
25/06/2020
ECLI:
ECLI:EU:C:2020:499

Key facts of the case:

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.

Outcome of the case:

On those grounds, the Court (Seventh Chamber) hereby:

  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.