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A Russian court has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank

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Published (Updated) on Monday, May 20, 2024

EUROPE — A court in the Russian city of St. Petersburg has ordered the seizing of assets of Germany’s Deutsche Bank and Commerzbank in the country, the Russia state news agency Tass says. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea. The banks were among the guarantors in the contract for building a gas processing plant by a multinational construction firm, Renaissance... abcnews.go.com

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