RIGA - As of today, banks no longer serve three organizations associated with Ventspils Mayor Aivars Lembergs (For Latvia and Ventspils) that have been hit by U.S. sanctions - Ventspils Development Agency, Business Development Association and Latvian Transit Business Association.
As reported, the U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) on December 9 imposed sanctions on a number of natural and legal persons in Europe, Asia and Latin America, including on Lembergs, based on the so-called Magnitsky act.
As of today, an...
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