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Rosneft Sanction Case

Case No. C-72/15 (2017)

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Rosneft Sanction Case

European Union Court of Justice

Case No. C-72/15 (2017)

Facts

In 2014 the European Union (EU) condemned the Russian Federation for infringing on Ukrainian sovereignty. The EU enacted Decision 2014/512 and Regulation No. 833/2014, which included targeted sanctions against Russia. The EU aimed to increase the economic cost of the Russian Federation’s hostile actions toward Ukraine to deter hostility and restore peace. One such sanction was the prohibition on exported oil from Russia. In response to the restriction on exported oil, Rosneft (plaintiff), a Russian corporation that specialized in oil and gas, filed an action in the courts of the European Union and the national courts of the United Kingdom. Rosneft argued that the sanction imposed was disproportionate and unrelated to the EU’s objective and that it interfered with Rosneft’s freedom to conduct business and right to property. The lower court within the European Union referred the case to the European Union Court of Justice.

Rule of Law

Issue

Holding and Reasoning (Per curiam)

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