Putin's Aim To Hobble Western Banks? Massive €700 Million Seizure Days After EU's Russian Asset Move

A Russian court ordered the seizure of assets of Commerzbank, Unicredit, and Deutsche bank. A St. Petersburg court has seized over €700mn of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank. The seizure is one of the biggest moves against western lenders since Moscow’s invasion of Ukraine. The Russian war on Ukraine prompted most international lenders to withdraw or wind down their businesses in Russia. Watch this to know more.