A Russian court in Saint Petersburg has ordered the seizure of assets worth over €700 million from three Western banks: UniCredit, Deutsche Bank, and Commerzbank. The court documents, dated May 16, 2024, indicate that the assets include real estate, securities, accounts, property, and shares. The move comes after a claim from Ruskhimalliance, a subsidiary of Gazprom, following the suspension of work by Linde in Russia due to EU sanctions. UniCredit, the European lender with the second-biggest exposure to Russia, had €463 million worth of its assets seized, while Deutsche Bank had €239 million seized. Commerzbank's assets were also targeted, but the exact amount was not specified. The seizures are part of a lawsuit involving the German banks.
JUST IN: 🇷🇺 Russian court orders seizeure of €463 million of assets belonging to Italian bank UniCredit. Russia has threatened to seize up to $300B in western assets in response to US sanctions and a freeze on $300b of Russian assets. https://t.co/mp5TkItvXh
A #Russian court ordered the seizure of assets of #Commerzbank, #Unicredit, and #Deutsche bank. Watch for details https://t.co/g2lh48Tigk
#Russia seizes #DeutscheBank, #UniCredit assets https://t.co/bgnyAFjqhb
NEW: 🇷🇺 Russian courts have ordered the seizure of almost $800 million in assets from UniCredit, Deutsche Bank, and Commerzbank. These banks acted as guarantors for a gas processing plant construction project in Russia with Linde, which was halted due to Western sanctions. https://t.co/x0TsyNrPCE
A Russian court has ruled that Deutsche Bank and UniCredit's assets in the country are to be seized, documents showed. https://t.co/bqZQg7QIjp
🇩🇪🇷🇺 Russia will confiscate the assets of Deutsche Bank and UniCredit. The Arbitration Court of St. Petersburg seized real estate, securities and accounts belonging to Deutsche Bank. In total, the court blocked assets worth more than 238 million euros at the request of… https://t.co/mmKloY5scB
Breaking: Russia has seized over €700 mln ($773 mln) worth of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank — the Financial Times and Reuters reported Saturday. https://t.co/g074k0xPPf
BREAKING NEWS RUSSIA HAS SEIZED OVER €700MN-WORTH OF ASSETS BELONGING TO THREE WESTERN BANKS — UNICREDIT, DEUTSCHE BANK AND COMMERZBANK The financial war has arrived.
🚨 🚨 Russia seizes €700 million in assets from Germany and Italy. A St. Petersburg court has seized over €700 million worth of assets belonging to three western banks: UniCredit, Deutsche Bank, and Commerzbank, FT reports. https://t.co/qNJTaYeapd
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 ⤵️ https://t.co/tMraWIy6Lg
Russian court seizes millions of euros worth of German bank assets ➡️ https://t.co/oddVvZtbCV https://t.co/bYPXltE9DF
A #Russian court in Saint Petersburg has ruled in favour of seizing 239 million euros ($260 million) from #DeutscheBank and 463 million euros of assets belonging to Italy's #UniCredit. https://t.co/sRBp0Kr4UA
Saint Petersburg Court Seizes €463 Million of UniCredit Assets, €239 Million of Deutsche Bank Assets Read More: https://t.co/0G1mw5FJpu
Russia seizes Unicredit assets - tho not clear if it’s absolute seizure or freezing https://t.co/AgylcxKq2S
A court in Saint Petersburg ruled in favour of seizing EUR 239 million from Deutsche Bank and around EUR 463 million from UniCredit, documents dated May 16 showed. Read more: https://t.co/5t6OCgDChN https://t.co/7siHJypP7q
A Russian court has ordered that German bank Commerzbank's https://t.co/RjlR8mcZdS assets be seized as part of a lawsuit. https://t.co/BqAz4Xaz4Q
BREAKING: 🇷🇺🇩🇪🇮🇹 Putin seized $700 million worth of assets from Germany and Italy The Arbitration Court of St. Petersburg has seized over €238M in assets from Germany's Deutsche Bank, including real estate, securities, and accounts, at the request of RusHimAlliance, a… https://t.co/WKZs2Qmy1M
RUSSIA SEIZES DEUTSCHE BANK, UNICREDIT ASSETS (The Moscow Times) A Russian court has ruled that Deutsche Bank and UniCredit's assets in Russia are to be seized, documents showed. European banks have largely exited Russia after Moscow launched its offensive on Kyiv in 2022. A… https://t.co/Usm6E2DcE1
🇪🇺🇷🇺PUTIN TO EU: I CAN TAKE YOUR ASSETS TOO - €700 MILLION WORTH The Arbitration Court of St. Petersburg has seized over €238M in assets from Germany's Deutsche Bank, including real estate, securities, and accounts, at the request of RusHimAlliance, a Gazprom subsidiary.… https://t.co/w3jNXBXo6T https://t.co/TJLNNBOFh5
Russia seizes Deutsche Bank and UniCredit assets The Arbitration Court of St. Petersburg has seized real estate, securities, and accounts belonging to Deutsche Bank. In aggregate, the court blocked assets worth more than €238 million at the request of RusHimAlliance, a… https://t.co/g53qrNbG6B
A St. Petersburg court has ordered assets and accounts of Germany's Deutsche Bank in Russia to be seized as part of a lawsuit filed by a Russian energy firm. https://t.co/hjuFSOAchG
A Russian court has ruled that a combined $764 million of Deutsche Bank and UniCredit's assets in Russia are to be seized, documents showed. https://t.co/qCyxptOWTP
The Russian court arrested the assets, accounts and property of the German bank Deutsche Bank based on the claim of "Ruskhimalliance"
🚨🇷🇺🇮🇹RUSSIA SEIZES ITALIAN BANK’S ASSETS A St Petersburg court has seized €463mn worth of assets belonging to Italy’s UniCredit, according to court documents. The move follows a claim from Ruskhimalliance, a subsidiary of Gazprom after Linde suspended work in Russia due to EU… https://t.co/uFfWLV0xDF
JUST IN: Russian court seizes €463 million worth of assets belonging to Italian bank UniCredit
A St Petersburg court has seized €463mn worth of assets belonging to Italy’s UniCredit, the European lender with the second-biggest exposure to Russia, @NastyaStognei @silvia_sb_ @FTJFranklin report https://t.co/nMy9l8ptIG
Russian court seizes assets worth €463mn from Italy’s UniCredit https://t.co/J0PRGe7T5r
A Russian court freezes the local assets of Italy’s UniCredit under a €462.7 million lawsuit filed by a Gazprom venture https://t.co/9ElhaH0OWU
Russian court seizes $462.7 mln euros of UniCredit assets https://t.co/cEVF8nETpp https://t.co/zMog3zF8Ol
RUSSIAN COURT ARRESTS DOMESTIC ASSETS OF UNICREDIT: IFX
Biden Admin threatens Austrian Raiffeisen Bank with sanctions over its business in Russia Raiffeisen Bank paid $400Mn in taxes to Kremlin last year Despite promises to minimize Russian exposure, seven top European banks by assets in Russia — Raiffeisen Bank International,… https://t.co/b0IyVJPrVv