<p>Moscow: A Russian court has ordered that Deutsche Bank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German bank, court documents showed.</p><p>The bank was one of the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions.</p><p>The lawsuit was filed by St Petersburg-based RusChemAlliance, a joint-venture that is 50% owned by Russian gas giant Gazprom and which is the operator of the project.</p><p>St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.</p><p>The court has also imposed the seizure of up to 238.6 million euros ($259.36 million) in securities, real estate and bank accounts of Deutsche Bank, as well as its Russian subsidiary and Deutsche Bank Technology Center.</p><p>Deutsche Bank in Frankfurt and in Russia did not immediately respond to a request for comment.</p><p>The Russian court on Friday ordered UniCredit's assets, accounts and property, as well as shares in two subsidiaries, be seized as part of a parallel lawsuit.</p>
<p>Moscow: A Russian court has ordered that Deutsche Bank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German bank, court documents showed.</p><p>The bank was one of the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions.</p><p>The lawsuit was filed by St Petersburg-based RusChemAlliance, a joint-venture that is 50% owned by Russian gas giant Gazprom and which is the operator of the project.</p><p>St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.</p><p>The court has also imposed the seizure of up to 238.6 million euros ($259.36 million) in securities, real estate and bank accounts of Deutsche Bank, as well as its Russian subsidiary and Deutsche Bank Technology Center.</p><p>Deutsche Bank in Frankfurt and in Russia did not immediately respond to a request for comment.</p><p>The Russian court on Friday ordered UniCredit's assets, accounts and property, as well as shares in two subsidiaries, be seized as part of a parallel lawsuit.</p>