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Russian courts ordered the seizure of UniCredit’s and Deutsche bank assets, accounts, property, and shares on May 18 The UniCredit assets have been seized following a St Petersburg arbitration court ruling concerning two subsidiaries in connection with a lawsuit over an aborted gas project, according to court documents. The St Petersburg ruling affects €462.7mn ($503mn) in securities, real estate, and accounts belonging to UniCredit. Additionally, it covers 100% of shares in UniCredit Leasing and UniCredit Garant, both subsidiaries of AO UniCredit Bank, the Italian group’s Russian arm, which h…

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