In a judgment handed down on Thursday 13 March (case C-271/24 P), the Court of Justice of the European Union has upheld the judgment of the General Court of the European Union of February 2024 (case T-289/22), which validated the European sanctions imposed on former Russian Deputy Prime Minister Igor Shuvalov since February 2022.
Mr Shuvalov has lodged an appeal against the General Court’s judgment upholding the EU sanctions against him in his capacity as President of the VEB.RF, Development and Foreign Trade Bank, Russia, which implements the Russian government’s economic policy.
The Court upholds the judgment of the General Court. It considers that the General Court did not err in law in holding that the Council could rely on the positions held and public statements made by Mr Shuvalov prior to the adoption of the acts at issue. The General Court also correctly held that the Council had established that Mr Shuvalov supported actions or policies targeting Ukraine and that sufficient reasons had been given for the acts in question.
Finally, in the Court’s view, the General Court rightly held that those acts do not undermine the essence of Mr Shuvalov’s right to property.
Read the Court’s judgment: https://aeur.eu/f/fxk (Original version in French by Mathieu Bion)