CELEX: 62014TA0734
Language: en
Date: 2018-09-13 00:00:00
Title: 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)

29.10.2018   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 392/15
            
         
      Judgment of the General Court of 13 September 2018 — VTB Bank v Council
      (Case T-734/14) (1)
      
      ((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.
               
            
         (1)  OJ C 16, 19.1.2015.