Russian oligarch under U.S. sanctions files suit against Nordic banks
23 Oct 2018

A Russian businessman under U.S. sanctions over the Ukraine conflict due to his close ties with President Vladimir Putin has filed suit against four Nordic banks, accusing them of discrimination, a court said on Monday.

The lawsuit presented by Boris Rotenberg accuses Nordea, Danske Bank, Handelsbanken and OP Bank of refusing to let him make payments and of violating his right to equal treatment as an EU citizen.

Rotenberg also holds a Finnish passport and is not subject to European sanctions over Russia’s role in Ukraine, but European banks must comply with the U.S. sanctions in order to do business with American banks.

– By Anne Kauranen, Jussi Rosendahl, 22 October 2918.

Link to Reuters.

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