Contents tagged with UniCredit

  • Russian court freezes €463 million in UniCredit assets amid sanction dispute

    A Russian court has frozen assets belonging to UniCredit Bank in Russia valued at €463 million following a lawsuit filed by RusKhimAlliance, one of the operators involved in the construction of a gas processing complex. The assets were seized in connection with the bank's refusal to breach European sanctions.

    The gas processing complex in question, located in Ust-Luga, is a joint venture between Gazprom and RusGazDobycha. RusKhimAlliance’s lawsuit revolves around the suspension of work on this …