Tsarizm
Baltics

Widening Russia Money Laundering Scandal Hits Europe Bank Shares

Widening Russia Money Laundering Scandal Hits Europe Bank Shares
Image by Сергей Алексеев
Рига (Латвия) Старый город Grecinieku iela Baltic bank

A money-laundering scandal involving Western financial institutions and the former Soviet Union widened, sending shares of banks lower across the continent.

Raiffeisen Bank International AG led declines, dropping as much as 11 percent after Bill Browder’s Hermitage Fund filed a report to Austrian prosecutors saying the bank helped launder funds that originated in Russian criminal activity. Dutch banks fell after a report that the three largest were used by a group labeled the Troika Laundromat to move cash from Russia.

To read more visit Bloomberg.

Related articles

Estonian Spies Understand the Russian Threat

Tsarizm Staff

Merkel Spreads “Fake News” About Nord Stream II Pipeline – “Will Not Make Us Dependent On Russia”

Tsarizm Staff

Conservative Baltic Leaders Call Astravyets Nuclear Power Plant Threat To National Security

Tsarizm Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!