2024-05-18 11:26:40
Each selections had been made on the request of the Russian fuel firm RusChemAlliance.
The Russian court docket has ordered the seizure of a whole lot of tens of millions of euros of property of the Italian financial institution UniCredit and the German financial institution Deutsche Financial institution in Russia, on the request of a Russian fuel firm, we realized formally on Saturday. The court docket of justice in St. judicial physique and it’s accessible on its official web site.
The identical determination was made on the identical day in opposition to Deutsche Financial institution, Germany’s primary financial institution, with the St. Petersburg Arbitration Courtroom. Each selections had been made on the request of the Russian firm RusChemAlliance, in response to the identical supply.
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A criticism in the summertime of 2023
Co-founded by the Russian fuel large Gazprom to construct a particular fuel processing and liquefaction plant in Ust-Luga, close to Saint Petersburg, the corporate discovered its associate – the German firm Linde, supposed to supply electrical energy for building – faraway from the challenge after the launch of the Russian offensive in Ukraine in 2022 and the implementation of Western sanctions in opposition to Moscow. UniCredit and Deutsche Financial institution, that are the guarantor banks for this challenge, are nonetheless unable to satisfy their obligations to RusChemAlliance as a consequence of sanctions.
In the summertime of 2023, the Russian firm filed a criticism with the court docket of justice of St. In a press release, UniCredit mentioned it was “know in regards to the Russian court docket determination” and assurance “Full Examine” the state of affairs. UniCredit, which is among the many European banks most uncovered to Russia, begins talks in June 2022 “primaries” with a view of a potential sale of its Russian subsidiary, however the challenge appears to have stalled since then. The Italian financial institution has been in Russia since 2005.
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