Around EUR 80 million frozen in Latvian banks as part of sanctions on Russia
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17 Sep 2022
Assets frozen in Latvian banks in connection with the sanctions imposed on Russia for the war in Ukraine have reached an estimated EUR 80 million, Santa Purgaile, head of the Financial and Capital Market Commission (FCMC), said in an interview with TV3 channel Wednesday.
The financial sector has frozen an estimated EUR 80 million and the figure has not changed much in recent months, Purgaile said.
Latvian banks have identified six natural person directly subject to sanctions, as well as 35 legal entities that are not directly included in the sanctions lists, but property rights or control of the sanctioned persons have been identified, consequently, the funds of those entities have been frozen.
The FCMC head said that the above figures are not expected to change significantly unless the sanctions are broadened.
Source: The Baltic Times