Rosneft's case against sanctions sent to European Court of Justice
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MOSCOW, January 28 (RAPSI) - A case lodged by state-owned Russian oil company Rosneft which challenges sanctions imposed on it by the EU's European Council over Russia's actions in Ukraine was sent to the European Court of Justice (ECJ) in Luxembourg by judges of London's High Court, RIA Novosti reported on Wednesday, citing a representative of the company.
The High Court decided to refer the case to the European Court of Justice for a ruling on the validity and effect of the EU sanctions, the agency quotes Joe Hage of Joseph Hage Aaronson LLP representing Rosneft as having said.
Another attorney involved in the case told RIA Novosti there are issues in the case that “only the European court” can resolve.
Last summer, the US banned the supply of offshore hydrocarbon production equipment to Russia, including for oil production in the Arctic. The European Union later banned their manufacturers from exporting oil industry technology and equipment to Russia, specifically for deep seabed mining, Arctic production and shale oil projects.
In October 2014, Rosneft lodged a separate application with the ECJ along with four other Russian companies, in which it contested the legality of sanctions under European law.