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The Independent UK
The Independent UK
National
Via AP news wire

Germany's top prosecutor files motion for asset forfeiture of $789 million of frozen Russian money

Copyright 2022 The Associated Press. All rights reserved

Germany's federal prosecutor has filed a motion for asset forfeiture concerning more than 720 million euros ($789 million) of frozen Russian money.

The prosecutor's office said Wednesday that the aim of the motion, which was filed on July 7, is to seize the money deposited by a Russian financial institution in a Frankfurt bank account because of a suspected attempt to violate embargo regulations, which is criminalized under the German Foreign Trade and Payments Act.

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