Russia’s annexation of the Crimea last year and the ensuing, ongoing Ukraine crisis has had an impact on many individuals and corporates.
Not all those affected have the resources to challenge the sanctions. One company which does is Russian oil giant Rosneft, which is arguing before the UK and European courts that the sanctions are illegal.
This week the High Court referred its arguments to the Court of Justice of the EU (CJEU) after Rosneft’s lawyers, led by Blackstone Chambers’ Pushpinder Saini QC, appeared to challenge the way the UK has implemented the EU’s regulations which imposed the sanctions.
A related argument is also pending before the EU General Court.
Rosneft’s claim appears in The Lawyer’s Top 20 Cases of 2015 as the first piece of litigation on the sanctions to reach the courts. As many other European business sectors were affected by the sanctions against Russia, the CJEU’s decision will be eagerly awaited.
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