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Russia Confiscates €800 Million From Deutsche Bank, Unicredit And Commerzbank

The Financial Times reported that a Russian court confiscated €800 million from Deutsche Bank, UniCredit, and Commerzbank.

Moscow has had enough after two years of being the target of a weaponized global reserve currency, being kicked out of SWIFT, countless (toothless) sanctions, and witnessing the freezing and eventual confiscation of about $350 billion in assets. This past weekend, the Financial Times reported that a St Petersburg court seized approximately €800 million in assets that...

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