Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Syrian sources: The Israeli occupation has begun withdrawing from the areas it infiltrated last night in the Quneitra countryside.
Al Mayadeen's correspondent: Massive bombings in eastern Gaza, the second within half an hour, and its sound was heard from central area.
Russian air defense units destroyed a drone that was heading toward Moscow.
Maduro: Tomorrow, a business meeting will be held bringing together hundreds of entrepreneurs from advanced Russian industries with hundreds of Venezuelan businesspeople.
Maduro: In the face of threats, Trinidad and Tobago agreed to suspend all effects of the energy agreement and everything that had been agreed upon in that regard.
Maduro: It’s time to make a choice, either stand with the warmongers who want death and violence, or stand with life.
Maduro: They want our wealth. This is not about drug trafficking, and they know it.
Maduro: Everyone in the world knows that what the economic elite ruling the United States seeks today is Venezuela’s oil, gas, and gold.
Maduro: The Prime Minister of Trinidad and Tobago is complicit and promoting war due to her personal, physical, mental, and moral weaknesses.
President Nicolás Maduro: A series of arrests have been carried out against what could be a group of mercenaries trained and funded by the CIA.

Russian court orders seizure of $260m Deutsche Bank assets

  • By Al Mayadeen English
  • Source: News websites
  • 18 May 2024 15:34
  • 6 Shares
3 Min Read

Deutsche Bank (DB) is one of the guarantor lenders in a contract for a gas processing plant in Russia with Germany's Linde, which was broken due to sanctions by Europe and the US.

  • x
  • The Deutsche Bank logo is displayed at a bank's building in Frankfurt, Germany, April 9, 2018. (AP)
    The Deutsche Bank logo is displayed at a bank's building in Frankfurt, Germany, April 9, 2018. (AP)

Court documents revealed that Germany's Deutsche Bank's assets, accounts, property, and shares have been ordered to be seized in Russia by a Russian court as part of a lawsuit. 

Deutsche Bank (DB) was one of the guarantor lenders in a contract for a gas processing plant in Russia with Germany's Linde, which was broken due to sanctions by Europe and the US.

St Petersburg-based RusChemAlliance, a joint-venture 50% owned by Russian gas giant Gazprom and the main project operator, filed the lawsuit. 

The St Petersburg court has banned DB from exercising 100% interest in the authorized capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.

The court ordered the seizure of up to 238.6 million euros ($259.36 million) in DB's securities, real estate, and bank accounts, alongside DB's Russian subsidiary and Deutsche Bank Technology Center.

Read next: Deutsche Bank to settle $75mln lawsuit by Epstein victims

Related News

Major global bank says potential dollar crisis looming

Virgin Islands accuses JPM of facilitating Epstein sex trafficking

DB was one of the banks that opted to remain in business on Russian land when the war in Ukraine first started back in 2022, contrary to other banks and institutions that closed their operations due to sanctions. 

EU seized Russian assets, funneling proceeds to Ukraine

This comes amid Western plans to seize frozen Russian assets and funnel them to Ukraine for 'reparations'. 

Just 10 days ago, the EU agreed on the expropriation of revenue generated from frozen Russian assets to proceed with funding and arming Kiev, Brussels announced. The bloc's ambassadors agreed on the course of actions "in principle", however, the legal text still needs to be ratified by the EU Council. 

The Belgian presidency said on X on May 7 that "EU ambassadors agreed in principle on measures concerning extraordinary revenues stemming from Russia’s immobilized assets." 

🇺🇦 EU ambassadors agreed in principle on measures concerning extraordinary revenues stemming from Russia’s immobilised assets.

👉 The money will serve to support #Ukraine's recovery and military defence in the context of the Russian aggression.

— Belgian Presidency of the Council of the EU 2024 (@EU2024BE) May 8, 2024

Even days before then, the US was engaged in discussions with allied states to form a coalition aimed at providing substantial financial assistance to Ukraine. This assistance, totaling up to $50 billion, was proposed to be repaid through the windfall profits generated by frozen Russian assets, according to sources familiar with the matter.

Since the start of the Russian-Ukrainian conflict, Western states have frozen around $300 billion of Moscow’s sovereign capital abroad.

Read more: Russia to defend its interests if its assets were seized: Kremlin

  • Deutsche Bank
  • St. Petersburg
  • Russia
  • Sanctions on Russia
  • Western sanctions
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Delta Air Lines flight lands at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas (AP)
Politics

Nearly 3,800 US flights disrupted amid ongoing government shutdown

FILE - The Amazon logo is pictured at the Amazon Robotic Sorting Fulfillment Center in Madison County, Miss., Aug. 11, 2022. (AP Photo/Rogelio V. Solis, File)
Economy

Amazon to cut 30,000 jobs in largest layoff in company history

Eurofighter Typhoon Spain's Air Force fighter jets fly above the military parade marking 'Día de la Hispanidad', or Hispanic Day, in Madrid, Spain, Sunday, Oct. 12, 2025. (AP)
Politics

UK sells 20 Eurofighter jets to Türkiye in £8bn defense agreement

Smoke billows after drone strikes by the paramilitary Rapid Support Forces (RSF) targeted the northern port in the Red Sea city of Port Sudan, Sudan, May 6, 2025 (AP)
Politics

RSF tightens El Fasher siege as Sudan risks fragmentation: Reuters

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS