Moscow Court Dismisses Asset Seizure Motion Against U.S. Equity Fund NCH Capital

A Moscow court has dismissed a prosecutor's motion to seize U.S. private equity fund NCH Capital's assets in Russia. The fund's founders were accused of funding Ukraine's military. The decision coincides with U.S.-Russia talks at the World Economic Forum to discuss trade and peace in Ukraine.

A Moscow court has decided against seizing the assets of U.S. private equity fund NCH Capital in Russia, according to reports by the Interfax news agency.

Since the Ukraine war began, Russian authorities have seized assets valued at $50 billion, prompting this lawsuit against NCH Capital and its founders, George Rohr and Moris Tabacinic. The legal action claimed that the founders provided financial support to Ukraine's military.

The court's ruling coincides with a meeting in Davos between Russian and U.S. representatives, where economic and trade discussions are on the agenda.

(With inputs from agencies.)