German federal prosecutor Peter Frank requested the Higher Regional Court of Frankfurt am Main to confiscate €720 million in frozen Russian assets originating from the National Settlement Depository of the Moscow Stock Exchange, potentially setting a groundbreaking precedent in Germany.
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German federal prosecutor submitted a request to confiscate €720 million in frozen Russian assets
If approved, it would be the first confiscation of its kind in Germany
The funds originated from the National Settlement Depository of the Moscow Stock Exchange and were frozen in summer 2022
The attempt to transfer €720 million after sanctions were announced may be viewed as an effort to circumvent European sanctions
Federal Prosecutor Peter Frank has filed a motion with the Higher Regional Court of Frankfurt am Main to confiscate €720 million of frozen Russian assets into the state budget.
If the process goes ahead, it will establish a precedent for Germany.
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Extraction metadata
Extracted: 2026-03-01T19:04:17.544Z
Source story: 25745