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Russian court seizes two European banks’ assets amid Western sanctions

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Russian court seizes two European banks’ assets amid Western sanctions

Freezing hundreds of billions of dollars in lenders’ assets was part of dispute over gas project halted by sanctions.

A Russian court has ordered the seizure of the assets, accounts, property and shares of Deutsche Bank and Commerzbank in the country as part of a lawsuit involving the German banks, court documents showed.

The banks are among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with the German company Linde. The project was terminated due to Western sanctions.

European banks have largely exited Russia after Moscow launched its offensive on Ukraine in 2022.

A court in St Petersburg ruled in favour of seizing 239 million euros ($260m) from Deutsche Bank, documents dated May 16 showed.

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Deutsche Bank in Frankfurt said it had already provisioned about 260 million euros ($283m) for the case.

“We will need to see how this claim is implemented by the Russian courts and assess the immediate operational impact in Russia,” the bank added in a statement.

The court also seized the assets of Commerzbank, another German financial institution, worth 93.7 million euros ($101.85m) as well as securities and the bank’s building in central Moscow.

The bank is yet to comment on the case.

In a parallel lawsuit on Friday, the Russian court also ordered UniCredit’s assets, accounts and property, as well as shares in two subsidiaries, to be seized. The ruling covered 462.7 million euros ($503m) in assets.

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UniCredit said it “has been made aware” of the decision and was “reviewing” the situation in detail. The bank was one of the most exposed European banks when Moscow launched its invasion of Ukraine, with a large local subsidiary operating in Russia.

It began preliminary discussions on a sale last year, but the talks have not advanced. Chief executive Andrea Orcel said UniCredit wants to leave Russia, but added that gifting an operation worth three billion euros ($3.3bn) was not a good way to respect the spirit of Western sanctions on Moscow over the conflict.

Russia has faced heavy Western sanctions, including on its banking sector, since the start of the war in Ukraine. Dozens of US and European companies have also stopped doing business in the country.

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Fugees Founder Pras Michél Sentenced to 14 Years in Prison

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Fugees Founder Pras Michél Sentenced to 14 Years in Prison

Fugees member Pras Michél has been sentenced to 14 years in prison after he was convicted on charges of conspiracy and illegal foreign lobbying.

A judge sentenced Michél on Thursday after he was convicted in April 2023 on 10 counts, including violating campaign finance laws during Barack Obama’s 2012 reelection bid and illegally lobbying the Donald Trump administration in 2017. According to Billboard, Michél was handed a 14-year sentence, which will be followed by three years of probation. He was facing 22 years behind bars.

In a statement to Variety, Michél’s rep Erica Dumas said, “Throughout his career Pras has broken barriers. This is not the end of his story. He appreciates the outpouring of support as he approaches the next chapter.”

Michél was initially charged in 2019 and went to trial four years later. The trial lasted for three weeks and included testimony from Leonardo DiCaprio on behalf of the prosecution. Just last month, Michél was ordered to forfeit more than $64 million after he was found guilty of orchestrating a foreign influence campaign to coax the United States into dropping an investigation into Malaysian financier Jho Low.

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He attempted to get a retrial after claiming that his former lawyer David Kenner, best known for representing Suge Knight in his 2015 murder case, used artificial intelligence to come up with closing arguments. In early 2024, Kenner pleaded guilty to misdemeanor criminal contempt and was sentenced to one year of probation over his handling of discovery materials in Michel’s case.

In an interview with Variety following his conviction, he outlined his plans to appeal the outcome of his case. “I’m going to fight, and I’m going to appeal, but there’s a possibility that I’m going in while I’m fighting,” he said. “It’s just the reality.”

Michél is expected to surrender to authorities on January 27.

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Lawmakers sound alarm on ‘deadliest place on earth to be a Christian’ as Nigeria violence escalates

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Lawmakers sound alarm on ‘deadliest place on earth to be a Christian’ as Nigeria violence escalates

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The U.S. House Subcommittee on Africa held a hearing Thursday on the persecution of Christians in Nigeria in what subcommittee Chairman Chris Smith, R-N.J., described as the “systematic and accelerating violence against predominantly Christian communities in Nigeria.”

Members from both parties questioned administration officials and outside experts as witness after witness described the collapse of security, mass killings, kidnappings and the impunity that has turned Africa’s most populous country into what one lawmaker called “the deadliest place on Earth to be a Christian.”

Smith, who has long been sounding the alarm about the persecution of Christians in the country, described the situation in vivid terms.

TRUMP’S WARNING TO NIGERIA OFFERS HOPE TO NATION’S PERSECUTED CHRISTIANS

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Christians hold signs as they march on the streets of Abuja during a prayer and penance for peace and security in Nigeria in Abuja on March 1, 2020. – The Catholic Bishops of Nigeria gathered faithfuls as well as other Christians and other people to pray for security and to denounce the barbaric killings of Christians by the Boko Haram insurgents and the incessant cases of kidnapping for ransom in Nigeria.  (Photo by KOLA SULAIMON/AFP via Getty Images)

“Nigeria is ground zero, the focal point of the most brutal and murderous anti-Christian persecution in the world today,” he said.

He called the session “a very critical hearing,” noting it was his 12th such hearing and that he has led three human rights trips to the country.

Quoting earlier testimony from Bishop Wilfred Anagbe of the Makurdi Diocese, Smith cited militants who “kill and boast about it …  kidnap and rape and enjoy total impunity from elected officials.”

He highlighted a June 13 attack in Yola, saying reports showed “278 people — men, women and children — were killed in a manner too gory to describe by people shouting ‘Allahu Akbar’ while slaughtering their victims.”

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“This is not random violence. It is deliberate persecution,” Smith said. “There may be other factors, but religion is driving this.”

Smith also noted that moderate Muslims who speak out against extremists are often murdered as well, underscoring the scope of Nigeria’s “culture of denial.”

TRUMP DESIGNATES NIGERIA AS ‘COUNTRY OF PARTICULAR CONCERN’ OVER WIDESPREAD CHRISTIAN PERSECUTION, KILLINGS

At least 51 Christians were killed in another attack in Nigeria’s Plateau state.  (Reuters)

Rep. Sara Jacobs, D-Calif., the panel’s ranking member, agreed Nigeria faces devastating insecurity but warned against “oversimplistic narratives.”

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She cited overlapping drivers — extremist insurgencies, farmer-herder conflict and organized banditry — and said the 25 girls recently kidnapped in Kebbi state were all Muslim.

“Violence affects everyone,” she said. “False narratives erase the real drivers of violence and make it harder to find solutions.”

She condemned President Trump’s remarks about “going into Nigeria guns blazing,” calling such rhetoric reckless and illegal and said unilateral U.S. military action would be “counterproductive.”

Jacobs claimed the Trump administration cut peace-building and conflict-prevention tools that once helped reduce violence, programs, she said, “that proactively prevented and directly addressed the violence this administration is now concerned about.”

CRUZ CLASHES WITH NIGERIA OVER HIS CLAIMS 50,000 CHRISTIANS KILLED SINCE 2009 IN RELIGIOUS VIOLENCE

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Women and children held captive by Islamic extremists and rescued by the Nigerian army arrive in Maiduguri, Nigeria, May 20, 2024. (AP Photo/Jossy Olatunji)

Rep. John James, R-Mich., described Nigeria’s crisis in stark terms. 

“This is one of the gravest religious freedom crises in the world,” he said. “The deadliest place on earth to be a Christian.”

He cited estimates that nearly 17,000 Christians have been killed since 2019, calling the murders “a sustained pattern of religiously motivated violence, often ignored or even enabled by the Nigerian government.”

Appearing on video from Benue state, Bishop Wilfred Anagbe detailed church burnings, mass displacement and priests targeted for abduction.

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“Nigeria remains the deadliest place on earth to be a Christian,” Anagbe said. “More believers are killed there annually than in the rest of the world combined.”

He thanked the administration for putting Nigeria as a  Country of Particular Concern (CPC) for religious freedom violations but urged that it be backed with sanctions and greater humanitarian support for displaced civilians.

Two senior state department officials, Jonathan Pratt and Jacob McGee, defended the administration’s approach while acknowledging the horror of the attacks.

Pratt called the situation “a very serious security problem,” saying the U.S. seeks to “raise the protection of Christians to the top of the Nigerian government’s priorities.”

McGee added, “The levels of violence and atrocities committed against Christians are appalling. … Nigerians are being attacked and killed because of their faith.”

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He pointed to blasphemy laws in 12 northern states that can carry the death penalty, calling them “unacceptable in a free and democratic society.”

‘GENOCIDE CAN’T BE IGNORED’: GOP LAWMAKER BACKS TRUMP’S THREAT OF MILITARY ACTION IN NIGERIA

Onlookers gather around a car destroyed in a blast next to St. Theresa Catholic Church in Madalla, Nigeria, Dec. 25, 2011, after an explosion ripped through a Catholic Church during Christmas Mass near Nigeria’s capital. (Associated Press )

Both officials said the U.S. is developing a plan to “incentivize and compel” the Nigerian government to protect religious communities.

In one exchange between Rep. Marlin Stutzman, R-Ind., and an expert on Nigeria, he asked bluntly, “Ma’am, are we frenemies? Are we — what are we?”

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Oge Onubogu, director of the Africa Program at the Center for Strategic and International Studies, replied, “We’re friends.”

She added that U.S.–Nigeria engagement must be “from a place of honesty” and that Nigerians “acknowledge something must be done quickly about the levels of insecurity.”

Onubogu warned, however, that a “narrow narrative that reduces Nigeria’s security situation to a single story” could deepen divisions.

Stutzman pressed her further, noting, “If Nigeria’s government cannot stop the violence, they should be willing to ask the international community for help.”

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People gather July 2, 2014, where a car bomb exploded at the central market in Maiduguri, Nigeria, the birthplace of terror group Boko Haram.  (AP Photo/Jossy Ola)

As the hearing came to a close, Smith warned, “The Nigerian government has a constitutional obligation to protect its citizens. If it cannot stop the slaughter, then America — and the world — must not look away.”

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US judge orders end to Trump’s deployment of troops in Washington, DC

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US judge orders end to Trump’s deployment of troops in Washington, DC

US president’s controversial deployment of soldiers to US cities has raised alarm and a series of legal challenges.

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A United States federal judge has said the Trump administration must pause its deployment of National Guard troops to Washington, DC, a setback for the president’s push to send the military into cities across the country.

US District Judge Jia Cobb temporarily suspended the deployment in a ruling on Thursday, responding to a lawsuit filed by city officials who said Trump had usurped policing powers and was using the military for domestic law enforcement.

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The federal government has unique powers in Washington, DC. But the Trump administration has taken the controversial step to deploy soldiers in a growing list of Democrat-led cities, despite frequent protests from state and local officials and a lack of any emergency conditions.

Cobb, who said in her decision that the president cannot deploy soldiers for “whatever reason” he wants, gave the Trump administration 21 days to appeal the order before it goes into effect.

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Lawyers for the government slammed the lawsuit that challenged the military deployment as a “frivolous stunt”.

“There is no sensible reason for an injunction unwinding this arrangement now, particularly since the District’s claims have no merit,” Department of Justice lawyers wrote.

Trump has also deployed troops to cities such as Los Angeles, California; Portland, Oregon; and Chicago, Illinois, in what he depicts as an effort to tackle crime and round up undocumented immigrants.

Residents and civil liberties groups have documented aggressive raids and what they say are widespread rights violations and racial profiling by federal agents during those crackdowns, in which US citizens have sometimes been swept up.

Trump has threatened to imprison local and state officials who criticise his deployment of the military.

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A legal challenge filed in September by Washington, DC Attorney General Brian Schwalb said that US democracy would “never be the same if these occupations are permitted to stand”.

Trump ordered the first deployment in August, involving about 2,300 National Guard members from various states and hundreds of federal agents from various agencies.

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