Russian investors avoided returning frozen shares: officials decided that money could be returned, but securities could not. The court found this interpretation illegal.
We are talking about assets blocked after sanctions against NSD in 2022. Luxembourg's Ministry of Finance refused to accept the Russian company and its clients who were not under EU sanctions. Now the court overturned this decision.
Moreover, in September, a Belgian court also overturned the refusal to lift the freezing of assets - although on different grounds.
There are no mass returns of papers yet. But how does this affect ordinary Russian investors?
In "The motherland will not forget you! " We discussed the new solution with a DH expert. They also track asset openings, sanctions, foreign accounts and taxes.