Contents tagged with Denmark
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Danske Bank CEO resigns over Russian money laundering scandal
Danske Bank CEO Thomas Borgen has announced that he will resign once a replacement for him has been found. This decision comes as a result of a scandal in which money from Russia and the former Soviet Union was laundered through the bank’s Estonian branch, BBC reports.
“It is clear that Danske Bank has failed to live up to its responsibility in the case of possible money laundering in Estonia. I deeply regret this,” he said. “Even though the investigation conducted by the external law firm …
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Denmark considers selling three warships to Ukraine
The Danish government may sell three minesweepers to Ukraine, as stated in the publication of the Stockholm International Peace Research Institute (SIPRI) on weapons export, reported the press service of the Ukrainian Defense Ministry.
The Ukrainian Defense Ministry noted that the ships will cost €102 million.
“Most likely, the report is about anti-mine ships based on the modernized project of Standard Flex 300– Standard Flex 300 MCM, of which four units were build – Havkatten (P552), Laxen ( …
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Media: $30 billion of Russian money passed through Danske Bank in Estonia
Danske Bank in Copenhagen is slipping deeper into what may become the largest European money-laundering scandal, the Frankfurter Rundschau writes.
Recently the media obtained information that “after inspection of documents from the bank’s internal investigation, it came out that in 2013 alone, $30 billion (€ 25.8 billion) from suspicious Russian sources passed through the bank’s branch in Estonia”.
The volume of illicit monetary flows greatly exceeds the $10 billion of Russian dirty money …
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Estonia launches criminal investigation into money laundering by Putin's associates and Russian FSB
Estonia begins a criminal investigation against the Estonian branch of Denmark's largest bank, Danske Bank, suspected of money laundering, as stated by the Prosecutor General of the country, Lavly Perling, on Tuesday.
According to her, the prosecutor's office opened this case after the appeal of the head of the Hermitage Capital Management investment fund, Bill Browder.
According to the Danish newspaper Berlingske, which in February referred to the report of one of the directors of the bank, …
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Estonia, Latvia and Denmark to establish Divisional Headquarters North
During a recent NATO summit in Brussels, the Defense Ministers of Estonia, Latvia and Denmark signed a joint statement of establishment for the Multinational Divisional Headquarters North, the Estonian Minister of Defense Jüri Luik stated.
"It is a natural step to strengthen deterrence and defense of NATO. The Baltic Sea region is now one of the most vulnerable in NATO, and it is important for the command structure of the Alliance to be consistent with actual threats," Luik stated.
According …
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Denmark considers legal steps to block Russia's Nord Stream 2 pipeline
Denmark can adopt a law that will provide legal context to block or postpone the implementation of the Russian project Nord Stream-2, announced on Tuesday, June 26, by Danish Prime Minister Lars Løkke Rasmussen at a joint press conference with the Prime Minister of Ukraine, Vladimir Groysman, Altinget news agency reports.
"I have submitted a draft bill to parliament that will allow us to assess the scope of foreign policy during standard processing of such applications, and this will allow us …
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Ukraine calls on Denmark to oppose Nord Stream-2 pipeline
Ukraine is counting on Denmark to unite with it in opposing the construction of the Nord Stream-2 gas pipeline.
This was reported on the website of the Cabinet of Ministers in following the talks between Prime Minister Volodymyr Groysman and the head of the Danish government, Lars Løkke Rasmussen.
“Kyiv is counting on continued support regarding the issue of opposing the construction of the Nord Stream-2 gas pipeline as a direct threat to the energy security of not only Ukraine but also of …
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Denmark to permit Nord Stream 2 construction under guarantee of gas transit through Ukraine
Denmark has decided to give permission for the construction of the Nord Stream 2 gas pipeline, but only if Russia guarantees to continue gas transit to Europe through Ukraine, Deutsche Welle reports.
"In this regard, the Ukrainian matter is crucial," Danish Prime Minister Lars Lokke Rasmussen said on Thursday, April 12, in Berlin after a meeting with German Chancellor Angela Merkel.
Rasmussen noted that the Danish government had not yet given its consent to the construction of a gas pipeline …
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Denmark is ready to join the boycott of 2018 FIFA World Cup in Russia
Representatives of the Danish authorities are likely to join the diplomatic boycott of the 2018 World Cup in Russia, DR Nyheder reports.
Representative of the Ministry of Foreign Affairs of Denmark Michael Aastrup Jensen said that members of the royal family and other government officials will join the UK and Iceland in not attending the matches of the world championship held in Russia.
"It will be difficult for Danish officials to go to Russia for this football festival. I do not think we …
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Denmark demands that Ukraine create an Anti-Corruption court
The Minister of Foreign Affairs of Denmark, Anders Samuelsen, stresses the importance of the early establishment of an Anti-Corruption court, during a conference in Kyiv.
Samuelsen reported that before the conference he met with Prime Minister [of Ukraine] Volodymyr Groysman, who assured the continuation of reforms, in particular in the field of anti-corruption.
"It is important that the Supreme Anti-Corruption court is established and works... I hope to meet in Copenhagen on June 27 to …