Germany planning to confiscate $800 million in Russian assets ...News

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A local Federal Prosecutor is reportedly targeting a Moscow Stock Exchange subsidiary German officials have announced plans to seize almost $800 million in assets from a Russian bank account due to alleged violations of EU sanctions. The Federal Public Prosecutor’s Office in Karlsruhe has initiated “independent confiscation proceedings,” according to its official website. “As part of this procedure, the account balance of a Russian financial institution at a Bank in Frankfurt am Main amounting to more than €720 million ($788 million) will be confiscated,” the statement added. Authorities are reportedly targeti

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Last updated : 20 Dec 2023 clock 03:20 PM

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Germany planning to confiscate $800 million in Russian assets ...News

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