US EditionRussian court orders seizure of Deutsche Bank assets
- A court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia, related to a lawsuit over a planned Baltic Sea LNG terminal.
- The seizure stems from the cancellation of a gas processing plant project after Western sanctions, leading the banks to withdraw their guarantees.
- The banks were guarantors in the contract for the project with Renaissance Heavy Industries and German company Linde.
78 Articles
78 Articles
Russian court freezes assets of 2 German banks
VIENNA — A court in the Russian city of St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in the country, the Russian state news agency Tass says. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea.
Russian court freezes assets of two German banks in gas project dispute
VIENNA — A court in the Russian city of St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in the country, the Russia state news agency Tass says. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were among the guarantors in the contract for building a gas processing plant by a multinational construction firm, Renaissance…
Russian court freezes assets of two German banks in gas project dispute
By ELISE MORTON and STEPHANIE LIECHTENSTEIN Associated Press VIENNA (AP) — The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in Russia. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were among the guarantors in the contract for the building of a gas processing plant by…
Russian court freezes assets of two German banks in gas project dispute
By ELISE MORTON and STEPHANIE LIECHTENSTEIN Associated Press VIENNA (AP) — The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in Russia. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were among the guarantors in the contract for the building of a gas processing plant by…
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