Case T-270/23: Judgment of the General Court of 18 December 2024 – Rosbank v Council ( Common foreign and security policy – Restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine – Freezing of funds – List of persons, entities and bodies subject to the freezing of funds and economic resources – Inclusion and maintenance of the applicant’s name on the list – Inclusion and maintenance of the applicant’s name on the list – Concept of legal persons, entities or bodies involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation – Article 2(1)(g) of Decision 2014/145/CFSP – Article 3(1)(g) of Regulation (EU) No 269/2014 – Plea of illegality – Obligation to state reasons – Error of assessment – Misuse of powers – Proportionality – Right to property – Principle of non-discrimination – Equality of treatment )
Date: 2024-12-18
Institutions: General Court
Subjects: EU restrictive measure, Russo-Ukrainian issue, abuse of power, economic sanctions, equal treatment, freezing of assets, international sanctions, legal person, principle of proportionality, right to property








C_202500910EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/910


17.2.2025






Judgment of the General Court of 18 December 2024 – Rosbank v Council


(Case T-270/23)
                (1)

(Common foreign and security policy - Restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine - Freezing of funds - List of persons, entities and bodies subject to the freezing of funds and economic resources - Inclusion and maintenance of the applicant’s name on the list - Inclusion and maintenance of the applicant’s name on the list - Concept of ‘legal persons, entities or bodies involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation’ - Article 2(1)(g) of Decision 2014/145/CFSP - Article 3(1)(g) of Regulation (EU) No 269/2014 - Plea of illegality - Obligation to state reasons - Error of assessment - Misuse of powers - Proportionality - Right to property - Principle of non-discrimination - Equality of treatment)
(C/2025/910)
Language of the case: French

Parties


Applicant: Rosbank PAO (Moscow, Russia) (represented by: A. Genko, lawyer)

Defendant: Council of the European Union (represented by: E. Nadbath and P. Mahnič, acting as Agents)

Re:

By its judgment based on Article 263 TFEU, the applicant seeks the annulment, in the first place, of Council Decision (CFSP) 2023/432 of 25 February 2023 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (OJ 2023 L 59 I, p. 437) and Council Implementing Regulation (EU) 2023/429 of 25 February 2023 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (OJ 2023 L 59 I, p. 278) and, in the second place, Council Decision (CFSP) 2024/847 of 12 March 2024 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (OJ L 2024/847) and Council Implementing Regulation (EU) 2024/849 of 12 March 2024 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (OJ L 2024/849), in so far as those acts included the applicant and maintained its inclusion under entry number 199 on the lists of restrictive measures.

Operative part of the judgment

The Court:






1.


Dismisses the action;










2.


Orders Rosbank PAO to pay the costs.






(1)  
            OJ C 235, 3.7.2023.


ELI: http://data.europa.eu/eli/C/2025/910/oj
ISSN 1977-091X (electronic edition)