The key facts

  • Luxembourg court lifted the finance ministry ban on returning securities to Russian citizens without personal EU sanctions
  • The investments were frozen under sanctions against the National Settlement Depository (NSD)
  • Details of the decision have not yet been disclosed; the story is being updated

What happened

A court in Luxembourg has lifted the country's finance ministry ban on returning securities to Russian citizens who are not under personal EU sanctions but whose investments were frozen as part of restrictions against the National Settlement Depository (NSD). TASS reports this, citing the court's decision; the information is republished by Gazeta.Ru.

What remains unknown

The report is preliminary: it does not disclose the court's reasoning, the number of affected investors, or the volume of assets whose return is at issue. It also does not specify whether the decision can be appealed or how it will affect other Russian investors whose securities remain blocked through the NSD. The source notes that the story is being updated.