The EU General Court has dismissed Russian defence company Almaz-Antey’s application to annul its 2016-2017 listing under the EU’s sectoral sanctions on Russia – see judgment here (13 September). The same Court dismissed the company’s action against its 2015-2016 listing (see previous blog).
The Court held (inter alia) that the stated objective of the sanctions regime was to increase the costs of Russian acts undermining the territorial integrity, sovereignty and independence of Ukraine, and to promote a peaceful settlement of the crisis. That such an objective was consistent with the objective of maintaining peace and international security, in accordance with the EU’s external action objectives. Furthermore, with regard to the principle of proportionality, the importance of the objectives pursued had justified the possibility that, for certain operators, which were in no way responsible for the situation in Ukraine, the consequences may be negative, even significantly so. Consequently, interference with the Almaz-Antey’s freedom to conduct a business and the right to property could not be considered disproportionate in the circumstances.