Current reports

On 3 September 2026, the Court of Justice of the European Union (hereinafter – the CJEU) delivered a preliminary ruling in Case C-147/25, concerning a dispute between AB “INTER RAO Lietuva” (hereinafter – the Company) and the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania (hereinafter – the FCIS). The Supreme Administrative Court of Lithuania (hereinafter – the SACL) had requested the CJEU to provide an interpretation on the application of EU legal acts regarding sanctions. In February 2025, the SACL had stayed administrative case No. eA-24-821/2026, which concerns the Company’s dispute with the FCIS regarding the Company’s inclusion on a list of entities linked to persons subject to EU restrictive measures, as well as the freezing of the Company’s funds.
The CJEU ruled that when a national authority freezes the funds of a company not explicitly named in EU sanctions lists, it must demonstrate that those funds belong to, or are managed or controlled by, a person subject to EU restrictive measures; the mere existence of links to such a person is insufficient. Control of a company by such a person—including informal control—must be substantiated by objective and sufficiently robust evidence; the mere nature of the Russian political regime does not constitute sufficient proof that the President of Russia controls the company. SACL will deliver the final ruling in the case, guided by this interpretation from the CJEU. Pending the SACL’s decision, the decisions taken by the FCIS regarding the Company remain in effect. The Company will provide an update once the SACL has issued its ruling.

The Company, in order to implement the decision of the Extraordinary General Meeting of Shareholders of the Company as of 18 May 2026 (hereinafter referred to as the Meeting) on the reorganization of the Company by way of separation, submitted an application to the Financial Crimes Supervision Authority (hereinafter referred to as the FNTT), requesting permission to implement the decision of the Meeting. On 25 June 2026, the FNTT adopted a decision in which it decided that there is no basis to grant permission to the Company to implement the decision of the Meeting on the reorganization of the Company by way of separation. On 20 July 2026, the Company appealed the decision of the FNTT to the Regional Administrative Court.

AB INTER RAO Lietuva hereby provides decisions adopted at the Extraordinary Meeting of Shareholders held on 18 May 2026. (PDF)

Annexes:

IRL notice on the decisions of the EGM (PDF)

Distribution of the votes at the EGM (PDF)

On the basis of a written request as of 20 April 2026 of UAB Scaent Baltic a shareholder holding 5,822,856 shares and 29.11% of all votes of AB INTER RAO Lietuva, and by the decision of the General Director of AB INTER RAO Lietuva, an extraordinary general meeting of shareholders of AB INTER RAO Lietuva legal entity code 126119913, registered office address A. Tumėno str. 4, Vilnius, Republic of Lithuania, is convened. (PDF)

Annexes:

Notice on convocation of the Extraodinary General Meeting of Shareholders (PDF)

Explanations regarding filing-in and validity of the General Voting Ballot (PDF)

General Voting Ballot (PDF)