Swedish bank may face US probe over reported violation of sanctions against Russia ...News

US authorities are reportedly investigating whether one of Sweden's largest lenders, Swedbank, breached US sanctions targeting Russia as it allowed transactions between Russian arms producer Kalashnikov and its US-based namesake. Swedish public broadcaster SVT claims that “major shareholders” of the Russia-based arms manufacturer Kalashnikov, which was targeted by US restrictions back in 2014, sent money to its counterpart headquartered in Pompano Beach, Florida. The latter produces guns based on Russian designs, but the parts originate from the US helping the company to avoid the blacklisting. Also on rt.co

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