The Estonian-registered Krediidipank has been added to the list of businesses affected by expanded US sanctions against businesses connected with Russia.
Russia’s BM-Bank PJSC owns almost 60 per cent of Krediidipank’s shares. Nordea Bank Finland plc, the Luxembourg-registered Saratoga Finance SPF S.A., and the British Virgin Islands-registered East European Capital Investment Ltd own approximately 10 per cent each, and almost 5 per cent belong to both the Austrian-registered Raiffeisen Bank International AG and Estonia-registered Radio Elektroniks OU.
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