Linde reneged on a contract to build a gas processing plant in Russia in 2022 An arbitration court in Russia has ruled to confiscate the assets of German company Linde over its refusal to honor contract obligations to build a gas processing plant in the country in 2022. The German firm received an advance payment from a Russian company in 2021 but, after the EU launched its sanctions campaign against Russia over the Ukraine conflict, the company suspended the work, citing EU restrictions. The St. Petersburg and Leningrad Region Arbitration Court ruled in favor of Linde’s client, RusChemAlliance (RCA), stating that
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