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Gederts Gelzis

Latvian government seizes control of main ports after U.S. sanctions

4:24pm GMT

RIGA/MOSCOW Latvia's parliament on Thursday passed legislation to take control over the Baltic country's two biggest ports in an effort to keep them open after U.S. sanctions against a Latvian oligarch threatened operations.

Latvian oligarch hits back at corruption charges as U.S. clamps down

10 Dec 2019

RIGA Latvian politician and oligarch Aivars Lembergs, sanctioned this week by the U.S. over alleged corruption, hit back on Tuesday, saying allegations against him were "fake news" and instigated by his political opponents.

ECB governor accused of bribery in Latvia corruption trial

04 Nov 2019

JURMALA, Latvia Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.

Latvia criticized for choosing banker to police banks

20 Sep 2019

RIGA Latvia's appointment of a banker to supervise the sector is threatening a conflict of interest, Transparency International said on Friday, following a series of financial scandals in the Baltic state.

Russian businessman behind shuttered Latvian bank PNB attacks ECB

16 Aug 2019

FRANKFURT/RIGA The Russian former owner of a stricken Latvian lender has attacked the European Central Bank (ECB) for abruptly shutting it, amid a bitter dispute after he previously accused an ECB governor of corruption.

U.S. urges Latvia to step up reform after money-laundering scandal

17 May 2019

RIGA Latvia came under renewed pressure to accelerate financial reforms as a senior U.S. official, at a meeting with its prime minister, underscored the urgent need for stricter controls after a money laundering scandal.

Investor Browder files Swedbank money laundering complaint in Latvia

17 Apr 2019

STOCKHOLM Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.

Bill Browder files Swedbank money laundering complaint in Latvia

17 Apr 2019

STOCKHOLM, April 17 Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.

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