EU Sanctions Against Russia's NSD Upheld by Court

Europe's second-highest court upheld EU sanctions against Russia's National Settlement Depository (NSD), first imposed in 2022 following Russia's invasion of Ukraine. The Luxembourg-based General Court dismissed NSD's challenge against the sanctions, confirming the legitimacy of the EU's measures.

EU Sanctions Against Russia's NSD Upheld by Court
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  • Country:
  • Belgium

Europe's second-highest court on Wednesday upheld EU sanctions against Russia's National Settlement Depository (NSD), first imposed in 2022 following Russia's invasion of Ukraine.

Russia's NSD, which had challenged the sanctions, faced a setback as the Luxembourg-based General Court dismissed its action, reinforcing the EU's stance.

"By its judgment delivered today, the General Court dismisses NSD's action," stated the court in an official pronouncement.

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