NSD filed a lawsuit in the EU court for the lifting of sanctions

AK&M 12 August 2022 11:57

On August 12, 2022, the National Settlement Depository appealed to the Court of the European Union in Luxembourg with a claim for the cancellation of the restrictions imposed. This is reported by the Bank of Russia.

NSD intends to prove the illegality and groundlessness of its inclusion in the EU sanctions lists, as a result of which Russian and foreign investors suffered, the report emphasizes.

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

NSD provides services for securities provided for by the Federal Law "On the Central Depository", as well as other Russian and foreign equity securities. NSD is a member of the Moscow Exchange Group and provides settlement and cash services, registration of over-the-counter transactions (repository).