Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute
Submitted by Anonymous (not verified) on Sun, 05/19/2024 - 13:10
In a significant move against western banks, a St Petersburg court has seized over $763 million of assets from Unicredit, Deutsche Bank, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of the largest since Moscow’s invasion of Ukraine, includes $504 million of Unicredit’s assets, equivalent to about 4.5% of its […]