Sanctions
imposed by the European Union on Russian companies such as its largest oil
group Rosneft (ROSN.MM)
are valid, Europe's top court said on Tuesday.
"The
restrictive measures adopted by the Council in response to the crisis in
Ukraine against certain Russian undertakings, including Rosneft, are
valid," the European Court of Justice said.
The
bloc slapped sanctions on Russia after it annexed Ukraine's Black Sea peninsula
Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support a
separatist rebellion in Ukraine's industrial east.
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