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Russian Bank Asks ECJ To Review Ukraine Sanctions Ruling

Law360, London (March 11, 2019, 9:43 PM GMT) -- Moscow-based lender VTB Bank is asking the European Court of Justice to reverse a ruling upholding sanctions against it in the wake of Russia's military intervention in Ukraine, saying the EU's General Court erred in ruling the restrictions were "appropriate and proportional" for achieving the stated peacekeeping goals.

The appeal request seeks to invalidate restrictions imposed against VTB in 2014, according to information about the appeal published Monday in the Official Journal of the European Union.

VTB is seeking to appeal a ruling by the General Court upholding sanctions against the Moscow-based lender in the wake of Russia's military intervention in...

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