Italy's foreign ministry to discuss Russian action against Unicredit on Monday

Ariston Holding

19/05/2024 11:17

ROME, May 19 (Reuters) - Italy's foreign minister and
officials will meet on Monday to discuss Russia's recent action
to seize assets or impose restrictive measures on Italian
companies including UniCredit  CRDI.MI , sources with knowledge
of the matter said.     
    On Friday a Russian court ordered that UniCredit's assets,
accounts and property, as well as shares in two subsidiaries, be
seized as part of a lawsuit over an aborted gas project in
Russia involving the Italian bank, court documents showed.
    The ruling by a St Petersburg arbitration court covers 463
million euros ($503 million) in securities, real estate and
accounts belonging to UniCredit as well as 100% of shares in
UniCredit Leasing and UniCredit Garant.
    Last month the Russian subsidiary of Italian water heating
company Ariston  ARIS.MI  was placed under the temporary
management of an entity of Russian gas giant Gazprom  GAZP.MM 
as ordered by Russian President Vladimir Putin through a decree.
    The sources said on Sunday that the legal action against
Unicredit and the difficult situation of other Italian companies
with Russian operations would be debated at a meeting on Monday
convened by Italy's Foreign Minister Antonio Tajani.  
    
($1 = 0.9200 euros)

 (Reporting by Angelo Amante; Writing by Francesca Landini;
Editing by Susan Fenton)
 ((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))