Sberbank, Rosneft, Gazprom and Arkady Rotenberg, all targets of EU sanctions, have reportedly brought legal challenges against the sanctions imposed on them.

EU-imposed sanctions prevent Sberbank, Rosneft and Gazprom from accessing European capital markets, and in the case of the latter two, access to technology for Arctic oil exploration. The sanctions on Rotenberg, a close political ally of Vladimir Putin, include an EU visa ban and asset freeze.

The Financial Times and Reuters report that the three entities and Mr Rotenberg are bringing challenges to these sanctions before the European Court of Justice.

Financial Times Article (subscription required)

Reuters Article (Sberbank)

Reuters Article (Rosneft and Arkady Rotenberg)

Reuters Article (Gazprom)