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Gazprom Neft files claim with EU Court of Justice over sanctions

11:12 29/10/2014

BRUSSELS, October 29 (RAPSI) – Gazprom’s oil-producing subsidiary has filed a claim with the EU Court of Justice over EU sanctions, RIA Novosti reported on Tuesday.

The claim was registered on October 24.

Gazprom Neft and several other large Russian oil and gas companies were targeted by EU and US sanctions, which prohibited the use of foreign exploration and production services in Russian deep-water, Arctic and shale oil projects from August 1.

The latest list of EU and US sanctions imposed against Russia on September 12 targeted Russian oil companies, including Rosneft, Transneft and Gazprom Neft, and restricted their access to Western loans.

In early October, the EU Court of Justice registered two applications from a Russian national named Rotenberg (one in English and the other in French), and a lawsuit filed by Rosneft.

The EU and the US have also prohibited their nationals and companies from issuing loans and buying or selling bonds, equity or other money-market instruments with a maturity exceeding 90 days including any issued by Sberbank, VTB Bank, Gazprombank, Vnesheconombank, and Rosselkhozbank after 1 August 2014.

Vnesheconombank, Sberbank and VTB Bank have also filed lawsuits with the European court demanding a revocation of the EU’s restrictive measures.

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Gazprom Neft files claim with EU Court of Justice over sanctions

11:12 29/10/2014 Gazprom’s oil-producing subsidiary has lodged a claim with the EU Court of Justice over EU sanctions, RIA Novosti reported on Tuesday. The claim was registered on October 24.
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