The European Court of Justice (ECJ) upheld yesterday (Wednesday) the freezing of the EU assets of the businessman, the Russian Arkady Rotenberg, the former judo partner of President Vladimir Putin. He is accused of jeopardising the sovereignty of the Ukraine, by undertaking activities in Crimea.
The EU tribunal, established in Luxembourg, “partially allowed” Mr Rotenberg’s action for annulment in the sense that it invalidated sanctions during the period July 2014 to March 2015.
This is explained in a communiqué. However, the court has upheld the restrictive measures (asset freezing and refusal of entry to the EU) during the period March 2015-September 2016, an ECJ source has reported to Agence France Presse.
After the annexation of Crimea by Russia in March 2014, which was judged illegal, the European Union decided upon restrictive measures prohibiting individuals and Russian companies from operating within this peninsula.