Western Banks Face Major Asset Seizure in Russia Amid Gazprom Subsidiary Dispute

In a important determination against occidental banks, a St Petersburg tribunal has seized implicit $763 cardinal of assets from Unicredit, Deutsche Bank, and Commerzbank, pursuing a quality with a subsidiary of Gazprom. This seizure, 1 of the largest since Moscow’s penetration of Ukraine, includes $504 cardinal of Unicredit’s assets, equivalent to astir 4.5% of its […]