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The Arbitration Court of St. Petersburg and Leningrad Region has heard the case brought against UniCredit by Gazprom-owned RusHimAlyans.

According to the court's decision, UniCredit's assets worth 463 million euros are securities, real estate and funds held in the bank's accounts.

RusHimAlyans had previously filed lawsuits against Deutsche Bank and Commerzbank.

UniCredit was among the guarantors of a contract with Germany's Linde for the construction of a natural gas processing plant in Russia, which was terminated due to sanctions.

Editor: David Goodman