Russian court freezes assets of two German banks in gas project dispute

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St. Petersburg News

Deutsche Bank AG,Soviet Union,Government Programs

The Russian state news agency Tass says a court in St. Petersburg has ordered the seizing of assets of Germany's Deutsche Bank and Commerzbank in Russia. The order is in response to a lawsuit over the planned construction of a liquefied natural gas terminal in the Baltic Sea.

VIENNA — 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 cancellation came at the request of RusChemAlliance, a subsidiary of Russian gas giant Gazprom and the operator of the project, German news agency dpa reported.

 

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