Western companies may follow example of "Rosneft” and go to EU law

20 october 2014 | Rossiyskaya Gazeta

“Rosneft” filed a lawsuit in the Court of Justice of the European Union against the Council of the European Union, who imposed sanctions against Russia. The Court of Justice of the European Union does not detect the scope of action however it may be stacked against restrictions on European capital market access for Russian companies and banks.

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy

Other companies, influenced by sanctions of the European Union Council, may go to the Court of Justice of the EU, experts believe. “It is primarily valid for western companies, interested in Russian fuel and energy sector”, commented this situation Head of the Department for Strategic Studies in Energy of the Analytical Center Alexander Kurdin, while being interviewed by “Rossiyskaya Gazeta” (Russian Gazette). “They sustain financial losses at least because of the stock price depreciation”.

Russian companies will have to deal with international regulatory environment, and there are no airtight arguments neither “for” nor “against”, the expert believes.