BRUSSELS, September 17. / TASS /. The European Court of Justice has rejected an appeal by Rosneft, which challenged the legality of imposing EU sanctions against the company in connection with the situation in Ukraine, according to the court ruling published on Thursday.
"The European Court of Justice rejected in full the appeal [of Rosneft to the EU Council] against the court decision of September 13, 2018," the decision reads.
In 2018, the EU court dismissed the claim of the Russian company against the EU Council. Then Rosneft challenged the legality of imposing EU sanctions against it.
Now the EU Court of Justice has upheld its previous decision, according to which the EU Council "presented reasonably well-founded reasons [for imposing sanctions]," the document says. The appeal consideration lasted almost 2 years, it was filed on November 23, 2018.
In July 2014, the European Union imposed sectoral economic sanctions against Russia in connection with the reunification of Crimea and the events in eastern Ukraine. The sanctions affected enterprises in the defense, energy and financial sectors. The sanctions, in particular, hit the Russian banks with state participation (Sberbank, VTB) and large oil and gas companies (Rosneft, Gazprom Neft, Transneft). European residents are prohibited from providing these banks with medium and long-term financing.