Sanction Imposed on Expobank

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As reported by Hospodářské noviny, the future parent company of the Czech branch of German LBBW, was added to Canada’s sanction list because of the political crisis in Ukraine. The Russian-Latvian financial institut, which is the 103rd biggest Russian bank by assets, was owned by Russian financier Igor Kim. However, the financial insitute questions the sanctions as it has no…