Economy
Russian court imposes injunction on UniCredit's assets
Italy-based bank’s assets worth $503 million consist of securities, real estate, funds held in bank's accounts, says court decision
Emre Gurkan Abay |
18.05.2024 - Update : 18.05.2024
MOSCOW
A Russian court has imposed an injunction Friday on assets worth €463 million ($503 million) belonging to Italian-based UniCredit bank.
The Arbitration Court of St. Petersburg and Leningrad Region heard the case against UniCredit by the Gazprom-owned RusHimAlyans company.
The assets include securities, real estate and funds in the bank's accounts, according to the court's decision.
The Gazprom-owned company had previously filed lawsuits against Deutsche Bank and Commerzbank.
UniCredit was among the guarantors of a contract with Germany's Linde for the construction of a natural gas processing plant in Russia, which was terminated due to sanctions.
*Writing by Merve Berker
