MOSCOW, August 6 (RIA Novosti) - In light of sanctions imposed by the European Union against Russian and Ukrainian nationals, some Latvian banks have frozen several million euros in funds, Latvia’s Delfi website reported citing Laima Auza, the head of communications at Latvia’s Financial and Capital Market Commission.
Information about those on the EU sanctions list, which includes 95 individuals and 23 companies, shows only three cases of assets being frozen, Auza was quoted as saying.
Auza added that the amount of blocked funds also indicated that Latvia was not the place for politicians from the East to keep their money. The Latvian banking sector serves as a regional financial center for international money flows.
Last week, the European Union and the United States introduced additional sanctions targeting the financial, energy and defense sectors of the Russian economy in response to the crisis in Ukraine. Moscow has repeatedly called the measures counterproductive and warned of the consequences they may have.
