Date: 9 months ago   Category: Energy

Rosneft called illegal sanctions of the EU after refusal in their cancellation — Rambler News Service


Photo: Alexey considers by Danichev/RIA Novosti Rosneft the sanctions against the company imposed by the European Union illegal and doesn't see logic in the similar decision, the representative of the Russian company has commented on a situation. "Rosneft considers the sanctions imposed by the EU against the company unreasonable, subjective and illegal. The company has no relation to crisis in Ukraine, doesn't exert impact on the political and economic processes happening in this country, and, therefore, in the decision of the EU Council there is no logic" — the representative of the company has said. Rosneft called imposing of sanctions on business firms which aren't connected with policy, a legal arbitrariness in any way. The company works according to the principles of the market relations, and thanks to sanctions the European contractors of Rosneft can evade from performance of the signed contracts. According to representatives of the company, the sanction of the EU initially haven't been reasoned and do harm including to the international shareholders of Rosneft and its European partners. The company is sure that the purpose of adoption of sanctions was "causing long-term damage of oil industry of Russia" and also increase in risks of business in the country. In addition, sanctions contradict the Partnership and Cooperation Agreement between Russia and the EU which is institute of integration, obligatory for all. The press service of Rosneft has accused the EU Council of abuse of authority and ignoring of the existing precedents. The situation with the Iranian banks which successfully appealed against the resolution of the European Union on sanctions has been given as an example. On September 13 the European Court of Justice in Luxembourg has refused to the Russian banks and the companies cancellation of sanctions of the EU. Restrictive measures have challenged Rosneft, Sberbank, VTB, VEB and Gazprom Neft earlier.

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