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HomeEuropeGazprom Venture’s Claims Against European Banks Top $1 Billion

Gazprom Venture’s Claims Against European Banks Top $1 Billion

A Gazprom PJSC venture has racked up 110 billion rubles ($1.2 billion) in legal claims after filing two more lawsuits against European banks that backed a key natural gas project caught up in sanctions against Russia.

RusKhimAlians, a joint enterprise between Gazprom and Rusgazdobycha, is seeking 28.2 billion rubles from BayernLB and 5.35 billion rubles from Landesbank Baden-Wurttemberg, according to filings made Aug. 30 to the Arbitration Court of the St. Petersburg and Leningrad region.

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