The General Court of the European Union confirmed the restrictive measures adopted by the European Union in June 2022 against the Russian National Settlement Depository (NSD), in a judgment handed down on Wednesday 11 September (Case T-494/22).
NSD, which provides securities custody and bank settlement services, challenged its inclusion on the list of legal and private persons subject to restrictive measures decided by the Council of the EU on the grounds that it plays an essential role in...