NSD v Council

Action brought on 12 August 2022 – NSD v Council(Case T-494/22)Language of the case: English Parties Applicant: NKO AO National Settlement Depository (NSD) (Moscow, Russia)(represented by: N. Tuominen, M. Krestiyanova, J.-P. Fierens, C. Vangoidsenhoven and C. Gieskes, lawyers)Defendant: Council of the European Union Form of order sought The applicant claims that the Court should:annul Council Implementing Regulation (EU) 2022/878 of 3 June 2022 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine,1 and Council Decision (CFSP) 2022/883 of 3 June 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine,2 in their entirety insofar as they affect the applicant;order the Council to pay the costs occasioned by these proceedings. Pleas in law and main arguments In support of the action, the applicant relies on four pleas in law. First plea in law, alleging that the contested acts breach the obligation to state adequate reasons. Second plea in law, alleging that the Council’s reasoning is vitiated by manifest errors of assessment. The applicant claims that the facts relied on by the Council are unsubstantiated, factually incorrect, and unfounded. Third plea in law, alleging that the effects resulting from the contested acts...