May 18. () –
The Arbitration Court of Saint Petersburg has ordered as a precautionary measure the seizure of properties, accounts and securities of the German bank Deutsche Bank in Russia pursuant to a lawsuit filed by a joint company of which the gas company Gazprom is a partial owner.
RusKhimAlians, formed by Gazprom and Rusgazdobycha, has filed charges against several financial entities, including the German bank, that contributed to the construction of a strategic natural gas project affected by sanctions against Russia for the war in Ukraine.
The Russian court on Friday ordered the assets, accounts and properties of the UniCredit banking group as well as shares in two subsidiaries, worth 463 million euros, as part of a parallel lawsuit.
The court, which has ruled in favor of the venture, has thus ruled on the seizure of assets and properties of the German bank worth 238 million euros, according to the decision published on the court’s website.
The court has therefore prohibited Deutsche Bank from exercising its 100% participation in the authorized capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
It should be recalled that RusKhimAlians has also pursued compensation against two other German banks, Bayerische Landesbank and Landesbank Baden-Wurttemberg, as well as against the German chemical company Linde Plc.
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