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
- That reason was sufficiently clear and that the criterion was not discriminatory/disproportionate.
- “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.
- The economic sectors in which they operate must constitute a substantial source of revenue for the government (here, the metallurgy sector).
- The Council did not need to show any further link with the regime.
- 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.
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