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Anti-Russian sanctions

EU imposes sanctions on Russian National Settlement Depository

It is recognized as a systemically important Russian financial institution by the Government and the Central Bank of Russia, the statement reads

BRUSSELS, June 3. /TASS/. The European Union included the Russian National Settlement Depository (NSD), the provider of securities services, including the Russian sovereign debt, and seventeen other legal entities into the sixth package of sanctions against Russia.

The full text of the document was posted on Friday in the Official Journal of the EU.

"NSD is a Russian non-bank financial institution and Russia’s central securities depository. It is the largest securities depository in Russia by market value of equity and debt securities held in custody and the only one which has access to the international financial system," according to the EU’s Official Journal.

"It is recognized as a systemically important Russian financial institution by the Government and the Central Bank of Russia. It plays an essential role in the functioning of Russia’s financial system and its connection to the international financial system, thus directly and indirectly enabling the Russian Government in its activities, policies and resources," the document indicates.

The list also comprises Kamaz, UAZ, Tatneft-Neftekhim and other companies.

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