Moscow Exchange plans legal challenge against EU sanctions on NSD
01/07/2022 11:55
MOSCOW, July 1 (Reuters) - Moscow Exchange, Russia's largest
bourse, on Friday said it planned to legally challenge European
Union sanctions on the country's National Settlement Depository
(NSD) and would seek to protect the interests of Russian
investors.
The NSD, Russia's domestic paying agent, equivalent to the
Euroclear and Clearstream western clearing houses, plays an
important role in the country's financial system and is a key
intermediary with international markets.
It was sanctioned by the EU in early June.
(Reporting by Reuters)