cross-posted from: https://lemmy.sdf.org/post/40366174

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A court in Amsterdam has ordered the seizure of assets belonging to Gazprom Neft Middle East (GNME), a Dutch subsidiary of Russia’s Gazprom Neft, the Vedomosti business daily reported Tuesday, citing court documents.

The Russian oil company, whose net profit fell 1.8 times in the first half of 2025, used GNME to participate in oil and gas projects in Iraq’s Kurdistan region.

The case was brought by Alcazar Capital Partners, a Cayman Islands investment firm that for years has sought to recover a debt from the Kurdistan Regional Government (KRG).

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