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Russia's Gazprom Neft against European Court proposal on lawsuit against EU sanctions

April 10, 2015, 13:54 UTC+3 MOSCOW
The General Court suggested postponing the case of Gazprom Neft pending a decision on a similar case concerning Russia's Rosneft
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© ITAR-TASS/Marina Lystseva

MOSCOW, April 10. /TASS./ Russia's oil major Gazprom Neft says it's against the European Court of Justice's suggestion on postponing its case disputing European sanctions until a precedent is established, the company told TASS.

The General Court of the European Court of Justice has suggested to postpone hearings on lawsuits from Russian companies protesting EU sanctions until a decision is taken on a similar case from Rosneft. "We object to postponing the case," the company said.

Rosneft disputed EU sanctions in the beginning of October 2014, while Sberbank, VTB, VEB banks and Gazprom Neft filed suits two weeks later.

The European Council has prohibited EU citizens and companies from buying and trading in shares and bonds of companies on the sanctions list, providing loans for more than 30 days and co-operating with Russian oil&gas companies in development and drilling of oil on deep-sea levels, in the Arctic and in shale fields.

Infographics Economical sanctions against Russia Economical sanctions against Russia
The USA, EU, Canada and Australia have introduced sanctions against Russia over its involvement in the Ukrainian crisis. Infographics by ITAR-TASS

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