Market Chatter: Deutsche Bank, UniCredit File Lawsuits Against Linde Over Russia-related Losses

04:34 AM EDT, 07/13/2026 (MT Newswires) -- Deutsche Bank (DBK.F) and UniCredit (UCG.MI) filed lawsuits against Linde in Germany seeking compensation for losses tied to sanctions on Russia, London's Financial Times reported Monday. The banks had issued advance payment and performance guarantees for a Russian gas project involving Linde. After Linde withdrew from the project following Russia's invasion of Ukraine and the subsequent sanctions, Russian courts seized assets linked to the guarantees, prompting the banks to seek compensation. Deutsche Bank is seeking about 260 million euros in a case due to be heard in Frankfurt on Tuesday, while UniCredit is pursuing a separate 450 million euro claim in Munich Regional Court that remains in the pretrial stage, according to the report. Deutsche Bank, UniCredit and Linde did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)