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France 24
France 24
Politics
NEWS WIRES

Russian court seizes millions of euros worth of German bank assets

A bird flies close to the Deutsche Bank building with the bank's logo behind the Commerzbank logo in Frankfurt am Main, western Germany, on April 16, 2024. © Kirill Kudryavtsev, AFP

A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions.

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