34 legal entities subject to EU sanctions have been identified in Latvian financial institutions

• Published date: 09 May 2022
• Publication title: LETA

RIGA, May 9 (LETA) - In connection with the sanctions imposed by the European Union (EU) on Russia and Belarus, 34 legal entities subject to sanctions have been identified in Latvian financial institutions by the end of April, the Financial and Capital Market Commission (FCMC) told LETA.

These entities are not directly in the sanctions list, but the ownership or control of the persons subject to sanctions has been established within these legal entities, thus their funds and securities have been frozen.

The FCMC also informed that five individuals directly subject to sanctions have been identified in Latvian financial institutions

In total, in connection with...