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.

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.

(With inputs from agencies.)