Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
Contact Group focuses on demining, creation of new security zones in Donbass — OSCE envoyWorld December 07, 20:57
Russian Defense Ministry reports 70% of eastern Aleppo under control of Syrian armyWorld December 07, 20:21
Moscow slams Polish FM's remarks on NATO-Russia Council meeting — sourceRussian Politics & Diplomacy December 07, 20:12
IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
MOSCOW, October 24. /TASS/. Russia's second largest bank VTB has filed a lawsuit to the European Union’s Court on the cancellation of a decision by the EU’s Council on the imposition of sectoral sanctions against Russia, the bank said on Friday.
The bank said sanctions were causing damage to VTB and its clients. "VTB will not comment on the lawsuit and court proceedings until the European Union’s Court issues a ruling," the bank said.
Russia’s largest bank Sberbank filed a similar lawsuit to the European Union’s Court earlier on Friday.
The EU imposed sectoral sanctions against the Russian financial sector from August 1, 2014 over Russia’s stance on the Ukraine crisis. The sanctions hit Russia’s state-controlled Sberbank, VTB Bank, Gazprombank, Vnesheconombank (VEB) and Russian Agricultural Bank.
The sanctions are effective for one year with a possibility of their review after three months. The sectoral sanctions prohibit European resident entities to provide medium- and long-term financing to these banks.