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Russian Rosbank, Tinkoff Bank lose sanctions dispute at EU court

( December 18, 2024, 10:19 GMT | Official Statement) -- MLex Summary: Russian lenders Rosbank and Tinkoff Bank lost their legal challenge against the Council of the EU at the bloc's lower-tier court regarding the imposition of sanctions on them. The banks argued that the Council made an error in the assessment justifying the imposition of sanctions, misused its powers and relied on outdated facts. In today's ruling, judges dismissed the lenders' arguments. Judgments attached (in French). Case references are T-270/23 and T-275/23. ...

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