ING cancels Gazprom's last eurozone bank account; Russian firm seeks court order

ING has terminated the last remaining bank account of Gazprom International Projects BV in the eurozone after five delays, potentially cutting off the Russian firm's payment channels in the region. Gazprom's lawyers are seeking a court order to compel ING to keep the account open, with a penalty of €250,000 per day for non-compliance. This marks a further tightening of financial isolation of Russian entities in Europe, though the legal outcome remains uncertain.