NSD to challenge EU sanctions

12 August 2022
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On 12 August 2022, National Settlement Depository (NSD) filed a lawsuit with the General Court of the European Court of Justice in Luxembourg seeking to lift the restrictions imposed on the depository.

The purpose of the lawsuit is to prove that NSD's inclusion in the EU sanctions lists was unlawful and unjustified, and that Russian and international investors have suffered as a result.

The EU imposed blocking sanctions on NSD on 3 June 2022.

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