MOSCOW, June 26 (Reuters) – A Russian court has ordered Italian bank UniCredit to pay 448.2 million euros ($479.44 million) in a lawsuit over an aborted gas project brought by St Petersburg-based RusChemAlliance, a joint venture 50% owned by Russian gas giant Gazprom (GAZP.MM), opens new tab.
UniCredit was one of the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany’s Linde (LIN.DE), opens new tab, which was terminated due to Western sanctions against Moscow over the conflict in Ukraine.
Source: REUTER
