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submitted 20 hours ago by 0x815@feddit.de to c/news@beehaw.org

Archived link

- A St Petersburg court seized more than EUR 463mn in assets belonging to Italy's UniCredit and EUR 238mn belonging to Germany's Deutsche Bank.

- The court also seized assets of Germany's Commerzbank, but the details of the decision have not yet been made public so the value of the seizure is not known.

- The moves follow a claim from Ruskhimalliance, a subsidiary of Gazprom , the Russian oil and gas giant that holds a monopoly on pipeline gas exports.--

A St Petersburg court has seized over EUR700 mln worth of assets belonging to three western banks - UniCredit, Deutsche Bank and Commerzbank - according to court documents, the Financial Times and Reuters reported Saturday.

The seizure marks one of the biggest moves against western lenders since Moscow's invasion of Ukraine in 2022 prompted most international lenders to wind down their businesses in Russia.

The moves follow a claim from Ruskhimalliance, a subsidiary of Gazprom , the Russian oil and gas giant that holds a monopoly on pipeline gas exports.

The court seized EUR463mn-worth of assets belonging to Italy's UniCredit, equivalent to about 4.5 per cent of its assets in the country, according to the latest financial statement from the bank's main Russian subsidiary.

The frozen assets include shares in subsidiaries of UniCredit in Russia as well as stocks and funds it owned, according to the court decision that was dated May 16 and was published in the Russian registrar on Friday.

According to another decision on the same date, the court seized EUR238.6mn-worth of Deutsche Bank's assets, including property and holdings in its accounts in Russia.

The court also ruled that the bank cannot sell its business in Russia. The court agreed with Rukhimallians that the measures were necessary because the bank was "taking measures aimed at alienating its property in Russia".

On Friday, the court decided to seize Commerzbank assets, but the details of the decision have not yet been made public so the value of the seizure is not known.

The dispute with the western banks began in August 2023 when Ruskhimalliance went to an arbitration court in St Petersburg demanding they pay bank guarantees under a contract with the German engineering company Linde. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde which was terminated due to Western sanctions.

Ruskhimalliance is the operator of a gas processing plant and production facilities for liquefied natural gas in Ust-Luga near St Petersburg. In July 2021, it signed a contract with Linde for the design, supply of equipment and construction of the complex. A year later, Linde suspended work owing to EU sanctions.

Ruskhimalliance then turned to the guarantor banks, which refused to fulfil their obligations because "the payment to the Russian company could violate European sanctions", the company said in the court filing.

The list of guarantors also includes Bayerische Landesbank and Landesbank Baden-Württemberg, against which Ruskhimalliance has also filed lawsuits in the St Petersburg court.

UniCredit said it had been made aware of the filing and "only assets commensurate with the case would be in scope of the interim measure".

Deutsche Bank said it was "fully protected by an indemnification from a client" and had taken a provision of about EUR260mn alongside a "corresponding reimbursement asset" in its accounts to cover the Russian lawsuit.

Commerzbank did not immediately respond to a request for comment.

Italy's foreign minister has called a meeting on Monday to discuss the seizures affecting UniCredit, two people with knowledge of the plans told the Financial Times.

UniCredit is one of the largest European lenders in Russia [it is the second largest Western bank in Russia after Austria's Raiffeisen Bank International], employing more than 3,000 people through its subsidiary there. This month the Italian bank reported that its Russian business had made a net profit of EUR213mn in the first quarter, up from EUR99mn a year earlier. It has set aside more than EUR800mn in provisions and has significantly cut back its loan portfolio.

Legal challenges over assets held by western banks have complicated their efforts to extricate themselves. Last month, a Russian court ordered the seizure of more than $400mn of funds from JPMorgan Chase (JPM) following a legal challenge by Kremlin-run lender VTB. A court subsequently cancelled part of the planned seizure, Reuters reported.

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submitted 26 minutes ago* (last edited 13 minutes ago) by breakfastmtn@lemmy.ca to c/world@lemmy.world

The International Criminal Court prosecutor said Monday that he has requested arrest warrants for the leaders of Hamas and for Prime Minister Benjamin Netanyahu of Israel.

In a statement, the prosecutor, Karim Khan, said he would seek warrants for Yahya Sinwar, Muhammad Deif and Ismail Haniyeh of Hamas. He also said he was requesting warrants for Mr. Netanyahu and for Israel’s defense minister, Yoav Gallant.

MBFC
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submitted 11 hours ago by floofloof@lemmy.ca to c/technology@lemmy.world
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I've been a good boy for 5 years or so but the seas call to me. Are streaming sites the way to go now or is torrenting still a better bet for mainstream movies and tv? I'd imagine all of my accounts have been deleted on those sites so I'd be starting over.

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submitted 4 hours ago by breakfastmtn@lemmy.ca to c/world@lemmy.world

Lai Ching-te has been sworn in as Taiwan’s new president, urging China to “cease their political and military intimidation against Taiwan” and to keep the world free from the fear of more war.

Lai was inaugurated on Monday morning at the Japanese-colonial-era presidential office in central Taipei, taking over from Tsai Ing-wen, whose eight years in power saw a sharp deterioration in relations with Beijing.

China claims democratic Taiwan as a province, and has called Lai, 64, a “dangerous separatist” who will bring “war and decline” to the island. The Chinese Communist party has never ruled over Taiwan, but Xi Jinping has declared that what he terms “reunification” is “inevitable”.

MBFC
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submitted 14 hours ago by Camzing@lemmy.world to c/asklemmy@lemmy.world
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submitted 25 minutes ago by solo@slrpnk.net to c/world@lemmy.world
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submitted 14 hours ago* (last edited 14 hours ago) by possiblylinux127@lemmy.zip to c/memes@sopuli.xyz
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Hi,

Sorry if this has been posted before but I'm looking at trying Usenet instead of torrents.

I've done some Googling and honestly, it's a little overwhelming knowing what Usenet provider to use, where to get quality indexers and which download client would be the best.

If anyone has any resources or advice to help me sail the Usenet sees I would be eternally grateful!

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submitted 7 hours ago* (last edited 7 hours ago) by BuddyTheBeefalo@lemmy.ml to c/world@lemmy.world
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submitted 1 day ago* (last edited 1 day ago) by PremiumNick@lemmy.dbzer0.com to c/piracy@lemmy.dbzer0.com

It's not even surprising anymore platforms do this & act all Pikachu face why piracy is spiking

Netflix & all these streaming platforms have completely lost touch & they will lose more customers in the long run

To quote the infamous Gabe Newell on Piracy

"We think there is a fundamental misconception about piracy. Piracy is almost always a service problem and not a pricing problem. If a pirate offers a product anywhere in the world, 24 x 7, purchasable from the convenience of your personal computer, and the legal provider says the product is region-locked, will come to your country 3 months after the US release, and can only be purchased at a brick and mortar store, then the pirate’s service is more valuable."

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I find it hard to believe that, outside of work computers, many people would be choosing Windows over Mac or Linux, especially is AI is their goal.

I'm also curious why the comments are turned off for this article unless it is a paid ad for Microsoft.

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Anan La Italian BMT (lemmy.world)
submitted 1 month ago by ickplant@lemmy.world to c/memes@sopuli.xyz
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I've seen the occasional nonimage post here and didn't know where else to ask this.

On another forum, a downvoter of things, with apparently support from other accounts, revealed that they are downvoting things 'because they have to do with ai'. I have heard from an admin that they have that same problem here.

But when I look it up and try to find a reference for who they are, the closest thing I come up with is Luddite, which refers to people who generally hate technology. I know antifa people are proudly antifa; same with anarchists. But what is this 'anti ai' type of person that seems to have started cropping up? I asked the person directly, but unknown whether they will respond with an accurate reference.

Reminds me of vehement transphobes specifically joining trans communities so they can downvote things; except instead of polar opposite of lgbtq, it is that equivalent except toward ai, creations of ai, and ai community. Encountered it just today and seeking a term to place on what is apparently 'the enemy' to this exact niche we are in.

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cross-posted from: https://lemmy.world/post/15565311

It was a long running project, but I finally did it. I built what I'm calling a smart mailbox that communicates locally with Home Assistant via ESPHome.

Parts:

Tools:

  • Soldering iron
  • Router for cutting grooves in wood
  • Drill and hole saw bits
  • Various files and sandpaper

For a start, I followed this guide to get me started on the power delivery portion, but I ended up using much higher valued resistors since I found that I was losing more battery charge through the voltage divider than I was from the ESP32 or proximity sensors.

Once I'd tested the concept with the parts just laying in a jumble on the table, it was time to get to work.

I started by cutting a plank of pine to fit my mailbox, chamfering the ends to make space for the metal joins. I routed out some spaces for the tops of the bolts that hold the mailbox down.

Measured out where the sensors should go, along with a surrounding space to screw down some little perspex windows to cover them. The idea I wanted was for the mail to be able to slide over the sensors without getting caught on them, as well as to protect them from dust.

Routed out the dents and cleaned them up with a chisel and sandpaper. Cut the perspex to shape for a test fit.

On the other side, I routed out a notch for the cable to access the sensors.

I had originally planned to just solder wires into the sensors, but then I realised JST connectors would fit perfectly into the sensors. This meant I had to widen the holes somewhat, which I did with a small chisel and file.

I got a bit lazy with making screw holes to hold down the perspex, so they're not in as neat a place as I'd like. If I did this again I'd measure properly for their placement. Still, with countersinking they hold down the perspex well and nothing sticks up for mail to get caught on.

I also got started on making a housing for the solar panels. I used the router to carve out a 1-2mm area for them to sit in, and a much deeper ditch linking the two terminals, which you'll see in a later picture. For now, here's how they look sitting in it.

Wiring up the prototype board was next. Again, see the article I linked above for how this works. I used pin headers to allow the ESP32 dev board to be slotted in and out, just in case I ever needed to take it out for replacement or reprogramming. Also the JSTs on the prototype board are for connecting the battery (top left), connecting the solar panels (bottom left), providing power to the sensors (bottom right) and clock and data lines for the sensors (top right). Since the sensors are both using the same I2C bus address and cannot be configured otherwise, I had to run two clock and data lines, but if I'd found sensors that could have different addresses I could have just used one of each. I didn't take a photo of the board at this stage, but I later added another header to connect a button to reset the ESP32 from the outside.

I also made the data and power cable for the sensor board.

The solar panel housing and 'sensor plate' were both painted and treated with polyurethane spray to protect them from rain and humidity.

I drilled holes in the weatherproof box to fix the cable glands and the weatherproof button. In the case of the solar panel wire, I had opted to buy speaker wire since I figured it would be easier to run in the channel between the two solar panels, being flat. But that also made it not really fit the cable glands that great. I ended up stripping some of the outer sheath off some 2 wire power cable I had, and wrapping that around the part of the speaker wire that gets clamped in the glands, just to make a reasonable seal. These all were on the side I decided I would mount at the bottom, so water wouldn't be able to easily fall into the box.

Final test fit. I later used epoxy glue to glue down the nylon headers and the battery holder inside the box.

The mailbox itself also needed a hole in the bottom for the sensor cable to come out. After drilling a hole and filing it into a square shape, I cut some rubber grommet strip to size and fitted it around the hole, with some marine silicone adhesive to protect the sharp metal edges from water and to hold the grommet strip in place.

I'd drilled some holes in the brick wall my mailbox sits upon for masonry anchors, and this piece of treated pine got the last of my polyurethane spray, just in case.

Using a two pieces of the leftover perspex glued together, I made an internal mount for the antenna, figuring it would be best to not have the thing either floating around freely inside the box or sticking out the side where people could potentially break it off.

Finally, after weeks of off and on work, it was ready to install.

The ESPHome coding used my VCNL4010 component, and if anyone is interested I can share it but it's kinda a large file.

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Not to brag (lemmy.world)
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submitted 3 hours ago by girlfreddy@lemmy.ca to c/world@lemmy.world

Khalil, a shy 21-year-old whose name has been changed, was arrested in a pre-dawn raid last October for his allegiance to Hamas. But when Israeli forces smashed through the door of his family home, they didn’t tell him why they were detaining him. He was imprisoned for six months without charge, in conditions he described as “unbelievable”.

“The Israelis are trying to restrain and terrorise us using these methods,” he said. “People are afraid. There is no freedom of speech … I’m scared to travel to any of the cities in the West Bank in case I get detained. Still, it feels like they could raid my house at any minute.”

But as Israeli forces continue to pummel Gaza, claiming to be targeting the remaining Hamas brigades, they have also swept up thousands of Palestinians in raids in the West Bank. The majority, according to the Palestinian prisoners’ commission, are not aligned to Hamas. Even so, the raids and an increasing number of settler attacks have succeeded in creating a climate of fear that is undermining Hamas’s rivals Fatah, who operate the ruling Palestinian Authority, highlighting its inability to protect Palestinians and quietly fuelling Hamas’s popularity.

“These raids are generating distrust towards the Palestinian Authority but also fear of attack by them – they can’t protect us but at the same time they could attack us too,” said Khalil, pointing to the authority’s history of detaining members of Hamas in the West Bank.

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Curation services (lemmy.sdf.org)
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I miss him (lemmy.world)
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