BERLIN, Dec 20 (Reuters) – Prosecutors in Germany said on Wednesday they would move to confiscate more than 720 million euros ($790 million) from the Frankfurt bank account of a Russian financial institution, marking the country’s first such attempt.

German authorities have previously moved to freeze Russian assets in response to Moscow’s full-scale invasion of Ukraine in 2022, but have stopped short of attempts to confiscate money.

A source familiar with the matter told Reuters that the institution was the National Settlement Depository (NSD), the domestic payments agent owned by Moscow…