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Financial Crime, Financial Services

Russian court freezes 80.7 mln euros in VTB Europe securities

By Olzhas Auyezov

A Russian court has frozen 80.7 million euros ($86.2 million) in securities owned by Germany’s VTB Europe, a former subsidiary of Russia’s VTB Bank , which was taken over by the German government last year, VTB said on Tuesday.

VTB said the decision had been taken due to a lawsuit in which it was seeking 112.6 million euros from VTB Europe.

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