A Russian court has ruled that Deutsche Bank and UniCredit’s assets in Russia are to be seized, documents showed.
European banks have largely exited Russia after Moscow launched its offensive on Kyiv in 2022.
A court in St. Petersburg ruled in favor of seizing 239 million euros ($260 million) from Deutsche Bank, documents dated May 16 showed.
The same day, it ordered the seizure of around 463 million euros ($504 million) worth of assets belonging to Italy’s UniCredit.
Both decisions were issued in answer to a request from…
