Latvia, Port, Transport
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Thursday, 18.04.2024, 23:56
Freeport of Ventspils Authority still unable to make financial settlements
BC, Riga, 18.12.2019.
Print version
Print versionThe Freeport of Ventspils Authority is still unable to make financial settlements, the authority's public relations officer Inga Ievina told LETA.
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Making financial transactions has been difficult for the Ventspils Freeport Authority since December 10, after the U.S. Department of the Treasury's Office of Foreign Asset Control, based on the so-called Magnitsky act, on December 9 imposed sanctions on Ventspils Mayor Aivars Lembergs and four entities that belong to or are controlled by Lembergs - the Freeport of Ventspils Authority, Ventspils Development Agency, Business Development Agency, and the Latvian Transit Business Association.
To deal with Lembergs' influence in the Freeport of Ventspils, the government on Wednesday decided to take over the ports of Ventspils and Riga.
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