By Olzhas Auyezov
A Russian court has frozen 80.7 million euros ($86.2 million) in securities owned by Germany’s VTB Europe, a former subsidiary of Russia’s VTB Bank , which was taken over by the German government last year, VTB said on Tuesday.
VTB said the decision had been taken due to a lawsuit in which it was seeking 112.6 million euros from VTB Europe.