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The Hourly News

The Hourly News

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frozen assets

The Adolphe Bridge and skyline of Luxembourg City, where the administrative tribunal ruled on frozen Russian securities.
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Luxembourg Court Overturns Refusal to Release Frozen Russian Securities

Editorial Desk3 hours ago3 hours ago03 mins

A Luxembourg court has ruled that the finance ministry wrongly refused to release frozen securities belonging to an unsanctioned Russian company and its clients, in the first European judgment to tackle the substance of whether such assets can be freed.

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