Sanctioned Russian oligarch sues Nordic banks

  • On 4 October Russian oligarch Boris Rotenberg, who was sanctioned by the US in April 2018, filed a suit against four Nordic banks; Nordea Bank Abp, Danske Bank A/S, Svenska Handelsbanken AB and OP Corporate Bank. Rotenberg claims that refusing to allow him to make payments is a violation of service agreements. He holds a Finnish passport and is thus not subject to EU sanctions.