The National Payments Depository (NSD), an important link in the connection between the Russian and international financial systems, challenged the sanctions imposed against it in court. The NSD considers that the restrictions imposed by the European Union are illegal and unreasonable.
NSD has filed a lawsuit with the European Court of Justice in Luxembourg, the depositary said in a statement.
The NSD noted that investors, including foreign ones, suffered from the sanctions imposed against them. The depositary intends to prove in court that his inclusion on the EU sanctions list is unreasonable and illegal.
NSD came under the EU lockdown sanctions on June 3 as part of the sixth round of sanctions.
The National Depository for Payments serves as a link between the Russian and international financial systems and is responsible for the full functioning of the Russian financial system. NSD is 99% owned by the Moscow Stock Exchange.
Author:
Kirill Bilyk
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
