Contents tagged with Europe

  • Lithuania to propose new sanctions against Russia

    During a visit to Poland, Lithuanian President Dalia Grybauskaitė said that Vilnius intends to propose additional sanctions against Russia if Moscow continues its aggressive policy towards Ukraine, BNS reports. 

    “If things continue to develop poorly, and Russia doesn’t start talking, but continues its aggressive policy throughout Ukraine and at the Kerch Strait, then, without a doubt, we will propose additional sanctions,” the Lithuanian leader told reporters in Lublin. 

    She added that the EU …

  • UN calls on Ukraine to pay pensions to all residents of Donbas

    Residents of the Donetsk and Luhansk regions, who live on each side of the contact line, should receive Ukrainian pensions and social benefits , EU countries said in a statement at the meeting of the UN General Assembly.

    “It is necessary to ensure appropriate social benefits and pensions regardless of place of residence and according to the Ukrainian legislation and Constitution,” the statement reads.

    The Scandinavian countries, Sweden, Norway, Denmark, Finland, and Iceland also urged equal …

  • Klimkin: Ukrainian ships are getting ready to pass through Kerch Strait

    Ukraine is planning a new passage of ships through the Kerch Strait and it is taking certain measures and getting ready for the passage together with international partners. The Ukrainian Navy will likely be able to “surprise Russia”, Ukrainian Foreign Minister Pavlo Klimkin said in an interview with Censor.net. 

    According to the Ukrainian Foreign Minister, the presence of foreign observers onboard the ships is hardly possible but there will be international monitoring. In particular, the …

  • Germany confiscates money and houses worth €50 million in Russian money laundering case

    German law enforcement agencies confiscated real estate and cash worth a total of 50 million euros in one of the largest money laundering cases in history. 

    The property seizure is related to the investigation into a money laundering the scheme, called "Laundromat" or "Russian laundry", through which $ 22 billion were withdrawn from Russia via banks in Latvia and Moldova, reports Deutsche Welle. 

    Munich law enforcement agencies are investigating three suspects who own 40 million euros in real …

  • 30 people suspected in Ukrainian money laundering through Austrian Meinl Bank

    The Austrian Prosecutor’s Office has identified 30 suspects in the case of Ukrainian money being laundered through Meinl Bank, Deutsche Welle reports. The investigation did not name the suspects, but it is known that the list includes Ukrainian citizens. 

    The case has to do with money disappearing from Ukrainian banks’ correspondent accounts in Austria. According to the Deposit Guarantee Fund, $385 million and €75 million were withdrawn illegally from the correspondent accounts at Meinl Bank.  …

  • Estonia prepares to introduce sanctions against Russia because of Kerch Strait incident

    The Estonian parliament will appeal to the government with a proposal to introduce individual sanctions against four high-ranking Russian officials who are deemed responsible for Russia’s attack on Ukrainian ships in the Kerch Strait. Among them are Senator Aleksey Pushkov, Vladimir Kulishov, Sergei Stankevich and Vasily Piskarev. The decision was adopted by the Estonian MPs on Wednesday, February 20.

    Fifty-six deputies voted to impose sanctions on the four officials. The sanctions prohibit …

  • Swedish Swedbank suspected of laundering billions of euros including from Russia

    Swedish Swedbank is suspected of systematic money laundering, which lasted for about a decade, and was associated with the Baltic branches of Danske Bank, reports Delfi news portal with reference to the Swedish broadcasting corporation (SVT).

    According to the "Uppdrag Granskning" program, the cash flow between Swedbank and the Baltic branches of Danske Bank was at least 40 billion Swedish krona (5.8 billion euros). Among them, there are transfers from companies that became known due to large …

  • EU investigates laundering of Russian money through Danske Bank

    The European Banking Authority (EBA) has opened an investigation into the laundering of Russian money through Danske Bank with respect to the supervisory bodies in Denmark and Estonia.

    The EBA will examine whether the Danish and Estonian financial services authorities fulfilled their obligations according to EU legislation.

    In June 2018, the Estonian prosecution office initiated a criminal investigation against the Estonian branch of Danske Bank, which is believed to have participated in the …

  • Ukraine among top 3 countries in terms of damage inflicted to Russia's economy

    Restrictive measures imposed against Russian products abroad caused a damage of $6.3 billion (expert evaluation) to the Russian economy, according to the report published on the website of the Russian Ministry of Economic Development. 

    It follows from the presentation prepared by the ministry that the European Union took the first place in terms of the number of restrictions imposed on Russian goods. Next come Ukraine, India, Belarus, Turkey and the United States. 

    Nevertheless, the picture …

  • Moldova begins construction of pipeline connecting it to European gas supply system

    Moldovan Prime Minister Pavel Filip and Romanian Deputy Prime Minister for the Implementation of Strategic Partnerships Ana Birchall took part in the ceremony marking the beginning of the construction of the second-stage of the Jasz-Ungheni-Chisinau gas pipeline. 

    The first line of the gas pipeline was put into operation in 2014, making it possible to deliver almost a million cubic meters of gas from Romania to Ungheni and several nearby settlements. The second part of the 120-km-long pipeline …