rosneft vows to continue defending shareholders interests
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Rosneft vows to continue defending shareholders' interests

Arab Today, arab today

Arab Today, arab today Rosneft vows to continue defending shareholders' interests

Russia’s oil major Rosneft.
Luxemburg - TASS

Russia’s oil major Rosneft will keep on protecting the interests of its shareholders, particularly from the impact of sanctions, its representative told journalists after the European Court of Justice dismissed the company’s motion to repeal the EU’s sanctions on Thursday.

"Even though the company’s convincing arguments on the illegitimacy of the sanctions in the European Court were virtually ignored, Rosneft will carry on protecting the interests of its shareholders unwaveringly, especially from the impact of the unlawful sanctions, using all available legal instruments," he pledged.

The European Court of Justice’s denial of Rosneft’s appeal to remove the EU sanctions over the crisis in Ukraine is unlawful and politically motivated, the company’s representative said.

"As part of today’s decision, the court was obliged to provide its own assessment of the case’s facts and the arguments by Rosneft, and deliver an independent decision, which has not been done," he said. "Both decisions (Thursday’s and the ruling of the Court of Chancery on the request of the British court in March 2017 - TASS) are unlawful and politically motivated," Rosneft’s representative stressed.

"The EU court system has failed the ‘independence’ test. In fact, the decision dated March 28, 2017, and the current ruling prove that the supremacy of politics appears to replace the rule of the law in Europe," he emphasized.
Rosneft’s fight against EU sanctions

The European Union slapped Russia with sectoral sanctions in July 2014 over Crimea’s reunification and the developments in Eastern Ukraine. These sanctions impacted Russia’s defense, energy and financial entities. In particular, these sanctions were imposed on state-run banks (Sberbank, VTB) and on oil and gas majors (Rosneft, Gazprom Neft, Transneft).

Rosneft is currently fighting the sanctions levied in 2014 against the Russian oil sector, which limit the supplies of goods and services to be used in Arctic, deep-water and shale exploration and in oil production in Russia. In addition, restrictions were placed on securities and lending, which limit financing and stock trades for some Russian companies, including Rosneft.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

rosneft vows to continue defending shareholders interests rosneft vows to continue defending shareholders interests

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

rosneft vows to continue defending shareholders interests rosneft vows to continue defending shareholders interests

 



GMT 07:23 2017 Saturday ,16 December

Leadership congratulated by Arab, Islamic leaders

GMT 22:02 2017 Saturday ,23 September

HRH Premier congratulates Saudi Crown Prince

GMT 23:17 2017 Thursday ,08 June

Saudi-backed forces seize Aden airport

GMT 11:54 2016 Monday ,19 December

5 Taliban militants killed in Afghan eastern province

GMT 20:33 2017 Monday ,18 September

Foreign Minister attends UN reform meeting

GMT 18:19 2014 Thursday ,21 August

Al-Ibrahim: Kabad water treatment plant major project

GMT 15:35 2017 Saturday ,04 March

8 more Al-Qaeda men killed by US in Yemen raids

GMT 06:11 2017 Sunday ,29 January

Boko Haram raid kills at least 3 Nigerian soldiers

GMT 03:54 2017 Friday ,17 February

Sharjah Media Council set up through a decree issued

GMT 16:56 2017 Friday ,03 February

After oil and gas, Denmark's Dong ditches coal energ

GMT 12:38 2017 Monday ,13 February

HEIO London appoints Platform Creative

GMT 16:13 2018 Monday ,29 October

Georgia presidential election to go to runoff
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday