06:35 GMT13 April 2021
Listen Live
    Europe
    Get short URL
    2102
    Subscribe

    The European General Court in Luxembourg has started hearings in the case of Russia's oil giant Rosneft oil company against the EU Council, the court's press service said Tuesday.

    MOSCOW (Sputnik) — The press service confirmed to RIA Novosti via email that the hearings had begun, but refused to provide further details related to the case.

    In October 2014, Rosneft filed the lawsuit, which included nine legitimate claims over the EU Council decision, under which economic restrictions were imposed on Rosneft, as well three of its subsidiaries in July.

    In particular, Rosneft indicated that the Council failed to provide sufficient evidence for its action, which violates the right to judicial protection.

    Initially, the sanctions were initiated by the United Kingdom in 2014, over Russia's alleged involvement in the Ukraine crisis, and Russia appealed the decision. In February 2015, the High Court of London ruled that the Rosneft's lawsuit against the sanctions should be considered in the European General Court.

    Related:

    Russia's Oil Giant Rosneft Welcomes Initiative on Oil Extraction Freeze
    Now Not Best Time to Privatize Russia’s Rosneft Oil Company – BP President
    European Commission Approves BP-Rosneft Deal
    Tags:
    lawsuit, Rosneft, European Council, Russia
    Community standardsDiscussion