Assets of UniCredit, Deutsche Bank, and Commerzbank Seized by Court in Russia – Details Inside!
St. Petersburg, Russia – A St. Petersburg court has made a significant move by seizing assets worth over €700 million from three western banks – UniCredit, Deutsche Bank, and Commerzbank. This action comes amidst escalating tensions between Moscow and the West, particularly since Russia’s full-scale invasion of Ukraine prompted many international lenders to pull out or scale down their operations in the country. The European Central Bank’s directive to Eurozone lenders with businesses in Russia …