Source Pravda.Ru

Sberbank files lawsuit at European court seeking removal of sanctions

The administration of Russia's largest state-owned bank, Sberbank of Russia, filed a lawsuit to the Court of Justice of the European Union seeking the annulment of the decision of the EU Council to impose sanctions against the bank, the press service of the bank said.

"As long as the case is subject for consideration at the Court of the European Union, the bank shall not comment on the lawsuit before the final court ruling," the bank said, bigness.ru reports.

On August 1, 2014, the EU imposed sectoral sanctions against the Russian financial sector. The restrictions affected five Russian banks - Sberbank, VTB, Gazprombank, VEB and the Agricultural Bank. The sanctions were feted one year with the possibility to be revised in three months. European residents were prohibited from providing medium and long term financing to the Russian banks.  The sectoral sanctions did not affect the "daughters" of the Russian state-owned banks. Sberbank, VTB and Gazprombank have such "daughter" structures.

Noteworthy, on October 21, international rating agency Moody's Investors Service downgraded the ratings of Sberbank, VTB, Gazprombank, Agricultural Bank,  on House Mortgage Lending Agency, Vnesheconombank and Alfa Bank. The move was made following the reducing sovereign credit rating of Russia.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
North Korea declares victory over USA
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
USA no longer wants Bashar Assad to go
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin
Turkish President Erdogan issues ultimatum to Washington and Brussels
The need for a Global Political Agenda 2018
Pentagon can not accept Russia's victory over terrorists in Syria
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russia will continue spending enough on defence not to be killed
Italy: Free fall
Tel Aviv, Jerusalem, capitals and puppets
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia unveils the date for the launch of the superbridge to Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed