Latvia Deploys Finance Tools to Fight Russian Sanctions Evasion
- Baltics states have struggled to police suspicious trade flows
- Agency dealing with illicit financing to focus on sanctions
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Latvia wants to improve the enforcement of European Union sanctions against Russia by deploying the tools it’s used to stamp out illicit financing.
The EU’s Baltic members have been among the most aggressive in criticizing Vladimir Putin’s invasion of Ukraine. But they’ve struggled to police a flow of trade from the rest of the bloc to countries in central Asia — with goods ultimately ending up in Russia to feed the Kremlin’s war machine.