Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldRussian oligarchs lose court...
September 11, 2024

Russian oligarchs lose court case over EU sanctions

By David
Facebook
Twitter
Pinterest
WhatsApp


    The European Court has denied Russian oligarchs Mikhail Fridman, Petr Aven and German Khan, as well as Gennady Timchenko and his wife Elena, a request to lift the European sanctions imposed on them.

    .

    The press service of the Court of Justice of the EU reported this today, September 11.

    It is noted that after the start of the full-scale Russian invasion of Ukraine, sanctions were imposed on the said individuals, requiring them to declare their funds and cooperate with the competent national authorities in the European Union.

    The purpose of such restrictions is to prevent the use of complex legal and financial mechanisms aimed at circumventing sanctions or complicating the identification of funds and resources subject to sanctions.

    For their part, the plaintiffs tried to prove in court that they had no connection with Russia’s war against Ukraine and argued that the EU Council regulation was an abuse of power, since such restrictions should be adopted at the level of member states.

    The court dismissed the claims in full.

    EU law allows the Council of the EU to adopt regulations for the purpose of implementing or bringing into force restrictive measures, in order to ensure that they are applied equally in all Member States. Measures provided for by EU law are not limited by obligations not to act, and the Council was entitled to impose reporting and cooperation obligations even if these were not expressly provided for in the decision to which they relate, the EU Court stressed.

    The Court also considers that the EU Council did not act on behalf of the Member States in this matter.

    On the contrary, national authorities retain the right to decide whether the offence of participating in bypass activities and the punishment for it will be of a criminal, civil or administrative nature, the court said in a statement.

    It should be added that the Court of Justice of the EU in April annulled the EU Council decision of 28 February 2022 to impose sanctions against Aven and Fridman. According to the court, the grounds for their inclusion in the sanctions list were not sufficiently substantiated.

    However, this decision did not apply to later decisions of the EU Council, so European sanctions against them are still in force.

    Read also

    EU lifts sanctions against Prigozhin’s mother — media

    World news

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    The newly elected President of Poland has announced the Ukraine entry position in the EU

    Trump called the mask “Drug Addic

    Apu was struck by a train with military equipment by the invaders

    The Russian Federation troop reached 20 km in total – Deepstate

    • Tags
    • economic sanctions
    • European Union
    • Russia's aggression

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    NewJeans demands Min Hee Jin return as CEO of ADOR “by the 25th”
    Next article
    The National Bank reduced the hryvnia exchange rate for the third time in a row

    More from Author

    World

    The newly elected President of Poland has announced the Ukraine entry position in the EU

    David -
    World

    Trump called the mask “Drug Addic

    David -
    World

    Apu was struck by a train with military equipment by the invaders

    David -
    World

    The Russian Federation troop reached 20 km in total – Deepstate

    David -

    - A word from our sponsors -

    Read Now

    The newly elected President of Poland has announced the Ukraine entry position in the EU

    Trump called the mask “Drug Addic

    Apu was struck by a train with military equipment by the invaders

    The Russian Federation troop reached 20 km in total – Deepstate

    A large fuel warehouse burned near Moscow

    The three scanander settings – Zelensky has been destroyed

    Macron will visit Greenland

    The blows of the Russian Federation were not response, but in destruction – Zelensky

    Zelensky About Kharkov: Another Brutal Murder

    SBS operators died Russian “buk-m3” with Boocomplek (video)

    The operators of the unmanned system (SBS) destroyed the Russian BUK-M3 along with ammunition. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The soldiers of the 14th separate BPAC SBS...

    Canada will transfer armored vehicles and electronics

    The terrorists of the Russian Federation shot once a day at the booths on Kharkiv: a refusal of a woman, painful 10 wounded (photo,...

    Russian freaks struck Harkiva Kabama on June 7. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } As a result of the arrival of the two cabs in the Shevchenkivsky area,...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times