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
Hence then, the article about swedish bank may face us probe over reported violation of sanctions against russia was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Swedish bank may face US probe over reported violation of sanctions against Russia )