Russia's National Settlement Depository appeals to Council of EU against sanctions

MOSCOW. Nov 3 (Interfax) - Russia's National Settlement Depository (NSD), a division of the Moscow Exchange Group , has filed an appeal with the Council of Europe as part of an administrative procedure to challenge the decision to include the NSD in the European Union's sanctions list on June 3, the depository said in a press release.

Work on the appeal to the Council of Europe is being done concurrently with an appeal against the EU sanctions in the European General Court.

The NSD filed requests for licenses on September 30 with the financial authorities of Belgium and Luxembourg. They are being reviewed; responses have not been received yet.