Restrictions on UniCredit eased in Russian lawsuit

MOSCOW, May 31 (Reuters) – A Russian court has eased restrictions imposed on UniCredit (CRDI.MI), opens new tab in a lawsuit over an aborted gas project, on Friday permitting the Italian lender to offer Russian sovereign bond holdings as collateral instead of other assets and property.

The St Petersburg arbitration court ruled in mid May that 462.7 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, be seized.