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Latvian banks have frozen EUR 11.5 million in sanctions against Russia imposed by the EU and OFAC

RIGA - In the context of sanctions imposed on Russia by the European Union (EU) and the United States Treasury’s Office of Foreign Assets ...

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In worst scenario, Latvia's Ventspils port will suffer most due to sanctions against Russia - Linkaits

RIGA - Due to the sanctions against Russia, in the worst scenario, Latvia's Ventspils port will suffer most, said Transport Minister Talis L...

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Estonian start-up Robus Athletics is heading for the stock exchange

Estonian sports technology start-up Robus Athletics has begun preparations for an initial public offering (IPO) of its shares and has ap...

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PhosAgro Baltic funds frozen in Lithuania due to sanctions

VILNIUS - A Lithuanian bank has frozen millions of funds of PhosAgro Baltic, a fertilizer producer close to the Kremlin, in Lithuania, the Siena...

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Latvian businesses must forget about Russian and Belarusian markets - Kazaks

RIGA - Latvian businesses must forget about the Russian and Belarusian markets at the moment and instead shift their focus to the West, Bank of ...

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3 Estonian small island ferries affected by sanctions due to Russian classification

TALLINN – A part of the fleet of the Estonian state is classified at a Russian ship register for cost-saving purposes, and the three Russi...

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Elering reconstructing high-voltage power lines from Narva to Valga

TALLINN - In order to disconnect Estonia from the Russian power grid, the state-owned transmission system operator Elering is reconstructing hig...

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Estonia's Swedbank named as suspect in money laundering case

TALLINN - Swedbank Estonia has been summoned by the Central Criminal Police as a suspect in connection with a money laundering investigation.&nb...

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On the financial performance of Latvijas Banka in 2021

The Council of Latvijas Banka has approved Latvijas Banka's financial statements for 2021 which state that Latvijas Banka's...

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Russian central bank is a tool of Kremlin system, Lithuanian c. banker says

VILNIUS – Russia's central bank is the Kremlin system's tool that has contributed significantly to its military aggression against...

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