Luxembourg court overturns refusal to unblock frozen assets of Russians

The Administrative Court of Luxembourg has overturned the decision of the duchy's finance ministry under which a Russian company and its clients were refused the unblocking of securities and funds frozen after sanctions against the NSD. Senator Grigory Karasin called the decision positive but warned about opponents of such a process in Europe.

Otabek YusupovFirst published on tafs uz 5 November 2026 at 21:101 min read

The key facts

The Administrative Court of Luxembourg overturned the refusal to unblock frozen securities and funds
Senator Grigory Karasin called the decision a

What the Luxembourg court decided

The Administrative Court of Luxembourg has overturned the decisionunder which a Russian company and its clients were refused the unblocking of securities and funds frozen after sanctions were imposed on the National Settlement Depository (NSD). Earlier, the court also overturned the decision of the duchy's finance ministry that prohibited Russians from unblocking money and securities, Life.ru notes.

Reaction in the Federation Council

Senator, member of the Federation Council Grigory Karasin in a comment to Life.ru called the court's decision positive news:

Cautious assessments and context

At the same time, Karasin warned that in Europe there will be World Economy section. The sources do not report on the practical consequences of the decision for specific asset owners or on possible further appeals.