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12 Mar, 2008 13:58

France releases Russian bank funds

There has been another move in a decade-long row between Russia and the Swiss trading company Noga. A Parisian court has allowed the unfreezing of deposits in France’s Natixis bank belonging to the Russian Central Bank.

The matter reportedly concerns 50 million euros.

Noga claims Russia owes it money for deals struck back in the early 1990s.

In January this year, Noga froze accounts of several Russian state organisations including the Central Bank.