EU Court upholds sanctions on Russian banks & energy companies

The EU General Court has dismissed actions to annul the EU’s sanctions that relate to Russian banks and energy companies: DenizBank, Sberbank, VTB Bank, Vnesheconombank, PSC Prominvestbank, Rosneft, and Gazprom Neft. The Court held (in brief summary) that: a.           These measures (even though they are not the asset freeze provisions) are targeted sanctions to which the due process requirements (reasons …