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Russian court seizes two European banks' assets amid Western sanctions

 Published: 11:25, 19 May 2024

Russian court seizes two European banks' assets amid Western sanctions

A Russian court has ordered the seizure of the assets, accounts, property and shares of Deutsche Bank and Commerzbank in the country as part of a lawsuit involving the German banks, court documents showed.

The banks are among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with the German company Linde. The project was terminated due to Western sanctions.

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