In July last year, the VDD started an investigation in connection with LG’s decision to pay dividends to all shareholders, including the company “Itera Latvija”, which is subject to European Union (EU) sanctions.
According to the information at the disposal of VDD, “Itera Latvija” is under the effective control of Igor Sečina. Since February 28, 2022, Sechin, the head of the Russian oil company “Rosneft” and a long-time ally of the Russian dictator Vladimir Putin, has been included in the EU sanctions list for actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.
In order to limit the access of financial funds to Sechin, sanctions are also applied to the company “Itera Latvija” under his actual control.
During the inspection, the VDD found out that LG has paid dividends to its shareholders on August 23, 2023, except for the sanctioned company “Itera Latvija”. Meanwhile, LG’s largest shareholder is Russia’s Gazprom.
According to the information at the disposal of the VDD, the decision taken at the shareholders’ meeting has been implemented to the extent permitted by the applicable laws and sanctions regime. Since the payment of dividends to “Itera Latvija” in a legal way is not possible, the profit share intended for this company has been recorded in the balance sheet of “Latvijas Gāze” as unpaid dividends, freezing these funds.
Taking into account the above, VDD “Latvijas gaze” has not found any violation or attempted violation of international sanctions in the activities with dividends, the service says in a statement.
VDD reminds that EU citizens, institutions, companies and organizations are prohibited from directly or indirectly making available financial funds or economic resources to persons or companies subject to EU sanctions. Actions, as a result of which financial funds or economic resources come into the possession of a natural or legal person subject to sanctions, are subject to criminal liability.
The service also informed that it constantly cooperates with banks and other financial institutions in identifying cases and attempts to violate international sanctions. VDD reminds that banks and other financial institutions, in accordance with the International and National Sanctions Law of the Republic of Latvia, are obliged to inform VDD immediately, but no later than the next working day, about possible cases or attempts of violating sanctions and, as a result, funds frozen in customer accounts.
It has already been reported that the Court of Economic Affairs, according to lawyer Mārtiņš Kvēps, is evaluating whether LG legally paid dividends in the amount of several million euros to the Russian company “Gazprom” and SIA “Itera Latvija”, which is actually controlled by another Russian energy company “Rosneft”, Latvian Television reported.
Kvėps brought the claim against the company because he believes that the dividends were paid out in accordance with “public order and good morals”, and this can be assessed as a violation of the sanctions set by the European Union. Kvėps is convinced that “Itera Latvija”, not disclosing its true ownership structure for a long time, has no right to participate in shareholders’ meetings, accordingly, there was no quorum for their decisions.
LETA already wrote that the net turnover of the LG group last year was 159.819 million euros, which is 4.4 times less than in 2022, when natural gas prices experienced a huge increase, and the company also suffered a loss of 56.911 million euros compared to the profit a year earlier. In 2022, the turnover of “Latvijas gas” was 702.604 million euros, and the profit – 40.8 million euros.
LG’s largest shareholders are Russia’s Gazprom (34%), Rietumu banka (28.97%), the German company Uniper Ruhrgas International GmbH (18.26%) and SIA Itera Latvija (16%).
VDD has so far not found violations of sanctions in Latvian gas operations with dividends /
The driver ran away from the police at breakneck speed – Died after the car was thrown dozens of meters into a street light in Ulvila
– 2024-05-04 07:59:12
The car hit a concrete fence, was thrown tens of meters and crashed into a street light.
The police are investigating the incident as a gross endangerment of traffic safety. Illustration image. Jenni Host
The driver who fled from the police died in a drive-by in Ulvila on Thursday, the Southwest Finland Police Department informs.
On Thursday evening at half past eleven, the police received a report from the emergency center about a car drifting on Valtatie 2 in Kokemäki. The driver of the car had driven in the oncoming lane towards Pori and caused several near-miss situations.
The police first tried to stop the driver with stop lights in Nakkila.
However, the driver fled at a considerable speed. The speed limit in the area is 80 kilometers per hour, and the driver was driving around 160 kilometers per hour.
The driver did not stop at the police’s spiked carpet in Nakkila either, but continued his escape journey.
The driver was driving about 160 kilometers on the hourly mark when he lost control of his car in Ulvila at the Haistilanti intersection.
The car first hit the concrete fence on the right side of the road. After that, the car was thrown several tens of meters across the oncoming lanes and crashed into a street light.
The driver died at the scene. There were no others in the car.
The police are investigating the incident as a gross endangerment of traffic safety and investigating the cause of death.
#driver #ran #police #breakneck #speed #Died #car #thrown #dozens #meters #street #light #Ulvila
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Haris Beltergis: Lament in PASOK
2024-05-04 07:54:09
PASOK MP Pavlos Christidis said his “goodbye” to Haris Beltegris through social networks.
The deceased was the secretary of PASP Polytechnic and an executive of PASOK youth as well as secretary of PASOK Northern Suburbs.
“Almost 20 years have passed. You introduced yourself to all of us, as the Secretary of PASP Polytechnic, but mainly as the immovable Haris, who wanted to ask questions and learn, to develop and be the best. A child prodigy.
What should I distinguish in these 20 years? What moments? Which people? On vacation in Crete, in the years of innocence? the dates in Agios Thomas? The nights? The teams? The 07 conference? the conference of 08? the discussions for the 13th Youth Conference? the dreams after Saudi Arabia and England? Epidaurus? Your favorite craftsmen of Thessaloniki? Your words before the elections of 23?
Haris Beltegris was the most astute player of our generation. He could achieve anything he put his mind to, he could convince anyone he wanted, build teams, win battles, look at us with his characteristic smile and then close the door and disappear, satisfied with what he had achieved. And then he would start working on his next victory, his next upset.
My mountain, my game, my lion, my best, thank you very much for everything.
Have a good trip up there.”
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#Haris #Beltergis #Lament #PASOK
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