Luxembourg has allowed the freezing of the Russians' assets to be lifted The country's court overturned the decision of the local Ministry of Finance, which prohibited the return of securities of Russians who are not subject to EU sanctions themselves, but whose investments were frozen due to restrictions against the National Settlements Fund (NSD). The court noted that the current regulations allow the unblocking of not only funds, but also securities of non-sanctioned clients. The decision may set a precedent for other Russians whose assets have been frozen for the same reason. However, this does not mean an automatic removal of the restrictions on all Russian assets.

Luxembourg has allowed the freezing of the Russians' assets to be lifted The country's court overturned the decision of the local Ministry of Finance, which prohibited the return of securities of Russians who are not subject to EU sanctions themselves, but whose investments were frozen due to restrictions against the National Settlements Fund (NSD). The court noted that the current regulations allow the unblocking of not only funds, but also securities of non-sanctioned clients. The decision may set a precedent for other Russians whose assets have been frozen for the same reason. However, this does not mean an automatic removal of the restrictions on all Russian assets.