Putin Mafia List and Latvia

The US Treasury has released a list of key people in the Putin Regime which has been dubbed the ‘Putin Mafia List’ by the Media.  These are people who are likely to be sanctioned in the future, particularly if Putin continues military attacks and election interference against other countries.

Some people on the list are connected with Latvia.  Not only connected, but apparently controlling the Latvian government.

Oligarchs Petr Aven, Oleg Boyko, Mikhail Fridman, Yuriy Shefler, and Viktor Vekselberg appear to have significant control over the Latvian government through local Oligarchs Valery Kargin and Viktor Krasovitsky.  It is openly known that Aven and Fridman discussed purchasing Parex Bank from Kargin and Krasovitsky before half of the assets of Parex disappeared instead.  The government says the Parex assets disappeared because of the USA and Sweden however there is no evidence supporting this story.  Since Boyko and Shefler were big borrowers for Parex, it’s possible that much of the money went to them.  Meanwhile Vekselberg also got involved with Parex regarding a property scam for the State Revenue Service.

Also Oligarchs Arkadiy Rotenberg and Boris Rotenberg appear to have significant control over the Latvian government through local Oligarch Yuri Savitsky.  Savitsky is openly known to be former KGB.  He is immensely wealthy because the Latvian government gave him a lot of state assets.  His bank VEF and Skonto’s Multibanka (also KGB-linked) were sanctioned by the US Treasury in 2005.  The Rotenbergs bought Multibanka and re-named it SMP Bank.  Then SMP Bank was sanctioned by the US Treasury in 2015.  Now the bank is renamed Meridian Trade Bank.  It’s amazing how a bank can escape sanctions by renaming itself every few years.  All of these Oligarchs are involved with the KGB/Gazprom ice hockey team called Dinamo.

So much for the myth still promoted in the Western media that the Latvian government is geopolitically allied with NATO and the EU.  Actions speak louder than words and although the Latvian people mostly prefer NATO and the EU it is clear that the government is on Putin’s side.

‘Putin List’: Putin’s Mafia Who Are Financially Raping The Russian People

Latvian government to Oligarchs: Please bank in our country!

Since the early 1990’s, Latvia has been the offshore banking center for Russian, Ukrainian, and other CIS oligarchs.  In the beginning, oligarchs such as Grigory Loutchansky, Viktor Chernomyrdin, Yulia Tymoshenko, and Pavlo Lazarenko were making use of Latvian banks.

Now in 2012, the offshore business has increased, to the detriment of the Latvian, Russian, and Ukrainian people.  The offshore banks of Latvia are endorsed and/or funded by the following organizations:  Moodys Ratings, Fitch Ratings, S&P Ratings, Ernst & Young, PricewaterhouseCoopers, the European Union, the IMF, the EBRD, and the World Bank.

Latvian banks are permitted to branch freely throughout the European Union with no oversight from local regulators.

Here is a list of Latvian banks in June 2012 with notes on associated oligarchs:

(1) ABLV Bank – Offshore bank serving Russians and Ukrainians.  When the European Union bailed out Parex Bank, many deposit accounts moved here.
(2) Baltikums Bank – Offshore bank serving Russians and Ukrainians.
(3) Baltic International Bank – Offshore bank serving Russians and Ukrainians.  Linked to oligarchs Valery Belokon, Boris Berezovsky, Kurmanbek Bakiyev, Alexander Lukashenko.
(4) GE Money Bank – In process of being sold to Otkritie Financial Corporation of Russia.
(5) DNB Bank – Latvian retail bank.
(6) Swedbank – Latvian retail bank.
(7) Latvijas Biznesa Banka – Offshore bank serving Russians and Ukrainians.  Owned by Bank of Moscow, linked to Yuri Luzhkov.
(8) Norvik Bank – Former Lateko Bank.  Offshore bank serving Russians and Ukrainians.
(9) Latvijas Hipoteku un Zemes Banka – Government bank linked to Latvian oligarch Andris Skele.
(10) Expobank – Offshore bank serving Russians and Ukrainians.  Formerly named LTB Bank and formerly owned by MDM Bank.  Linked to Oleg Deripaska.
(11) SEB Bank – Latvian retail bank.
(12) SMP Bank – Formerly Multibanka.  Offshore bank serving Russians and Ukrainians.  Blacklisted by United States Treasury in 2005.  Linked to Arkady Rotenberg, Vladimir Putin’s judo partner.
(13) PrivatBank – Offshore bank serving Russians and Ukrainians.
(14) Regionala Investiciju Banka – Offshore bank serving Russians and Ukrainians.
(15) Rietumu Bank – Offshore bank serving Russians and Ukrainians.  Linked to Suleiman Kerimov.
(16) Trasta Komercbanka – Offshore bank serving Russians and Ukrainians.  Was involved in the Sergey Magnitsky money laundering case.
(17) UniCredit Bank – Latvian retail bank.
(18) Latvijas Pasta Banka – Spun off from Latvian Post Office and privatized to former owner of Lateko Bank.
(19) Citadele Bank – Offshore bank serving Russians and Ukrainians. Spun off from Parex Bank.  Funded by EU, IMF, World Bank, EBRD.  Linked to Oleg Boiko, Yuri Shefler.
(20) Rigensis Bank – Offshore bank serving Russians and Ukrainians.
(21) (not licensed anymore, but nobody being prosecuted)  Latvijas Krajbanka – Linked to Snoras Bank of Lithuania, Alexander Antonov, Vladimir Antonov, Oleg Deripaska.
(22) (not licensed anymore, but nobody being prosecuted) VEF Bank – Was blacklisted by the United States Treasury.  Linked to Leonid Reiman, Alisher Usmanov.

Here is the list from the Latvian regulator:

http://www.fktk.lv/en/market/credit_institutions/banks1/