UniCredit was among the guarantors for a failed gas plant project between Gazprom and Germany’s Linde A Russian court has ordered Italy’s UniCredit bank to pay €448.2 million ($479.44 million) over an aborted joint venture between Russian energy major Gazprom and Germany’s Linde, according to a court document. UniCredit was among the guarantor lenders in the deal to build a gas processing plant in Ust Luga, near St. Petersburg, through a joint venture called RusChemAlliance, 50% owned by Gazprom. The project was scrapped due to Western sanctions over the Ukraine conflict. The St. Petersburg-based RusChemAll
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