An additional tax is being prepared for imports from Russia

By referring to committees the Economic Security Tax Law initiated by the National Alliance, the Saeima is beginning work on the introduction of a new tax on goods from Russia – 30%. According to the proposal, the tax would have to be applied to goods that are sold for the first time or used to ensure economic activity, production or for own consumption. In the draft law, Russia is not mentioned by name; instead, there is a list of countries or “high-risk countries” to which this […]

In an unfair court trial in Russia, Rietumu Bank may lose assets worth 16 million euros

The Moscow Arbitration Court on 2 December 2025 examined a civil case related to a claim by the Russian General Prosecutor’s Office against Rietumu Bank and other persons. The court of first instance has decided to satisfy the claim of the General Prosecutor’s Office. The Bank’s regulatory capital may decrease by approximately 4 million EUR. Considering that this is a decision of the court of first instance, the Bank will appeal it in accordance with the procedure prescribed by law, defending […]