Published 15 days ago

Russian court orders seizure of Deutsche Bank assets

A court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia, related to a lawsuit over a planned Baltic Sea LNG terminal.
The seizure stems from the cancellation of a gas processing plant project after Western sanctions, leading the banks to withdraw their guarantees.
The banks were guarantors in the contract for the project with Renaissance Heavy Industries and German company Linde.

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The Hindu

Russia seizes Deutsche Bank, UniCredit assets

Deutsche Bank said it would "need to see how this claim is implemented by the Russian courts and assess the immediate operational impact in Russia"

15 days ago·India

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Reuters

Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit

A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

15 days ago·United Kingdom

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abc News

Russian court freezes assets of 2 German banks in gas project dispute

The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia

14 days ago·United States

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KIFI

Russian court freezes assets of two German banks in gas project dispute

By ELISE MORTON and STEPHANIE LIECHTENSTEIN Associated Press VIENNA (AP) — The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in Russia. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were among the guarantors in the contract for the building of a gas processing plant by…

14 days ago·Idaho Falls, United States

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RTÉ

Russian court seizes Deutsche Bank, Commerzbank assets

A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

13 days ago·Ireland

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