Print Article

EU REJECTs Viktor Rashnikov’s application to annul his EU designation.


In Case T-305/22 Rashnikov v Council, the General Court of the EU REJECTED Viktor Rashnikov’s application to annul his EU designation.

He is listed because as chairman of the board of MMK Iron & Steel Works he is a

  • “Leading Russian businessperson involved in economic sectors providing a substantial source of revenue” to the Russian government.

The Court said

  1. That reason was sufficiently clear and that the criterion was not discriminatory/disproportionate.
  2. “Leading businessperson involved in an economic sector providing the government with a substantial source of revenue”, according to the judgment, refers to someone’s importance considering their occupational status, economic activities, functions, extent of capital holdings, etc.
  3. The economic sectors in which they operate must constitute a substantial source of revenue for the government (here, the metallurgy sector).
  4. The Council did not need to show any further link with the regime.
  5. On a re-listing, the EU can rely on evidence that justified the original listing but must consider whether the context and facts have changed.



The Team

Meet the team of industry experts behind Comsure

Find out more

Latest News

Keep up to date with the very latest news from Comsure

Find out more


View our latest imagery from our news and work

Find out more


Think we can help you and your business? Chat to us today

Get In Touch

News Disclaimer

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email