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Estonia Raises Questions Around Swedbank Ties to Russian State

Martin Helme
Martin HelmePhotographer: Tanel Meos/AP Photo

Estonia’s finance minister walked back comments in which he’d implied that Swedbank AB had let the Russian secret service use its services.

Swedbank shares fell on Wednesday after an interview published in Dagens Industri cited Estonian Finance Minister Martin Helme as saying the lender hadn’t been truthful with the regulator in Tallinn. In the interview, Helme suggested there was an apparent link between Russian security services and money that was moved via Swedbank.