Western Banks Face Main Asset Seizure in Russia Amid Gazprom Subsidiary Dispute



News Bytes - 5In a big transfer in opposition to western banks, a St Petersburg courtroom has seized over $763 million of property from Unicredit, Deutsche Financial institution, and Commerzbank, following a dispute with a subsidiary of Gazprom. This seizure, one of many largest since Moscow’s invasion of Ukraine, consists of $504 million of Unicredit’s property, equal to about 4.5% of its […]



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