UPDATE 3-Rotenberg loses sanctions suit against Nordic banks [Reuters (UK)]
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Source: Reuters
Rotenberg loses sanctions suit against Nordic banks - Reuters 4 Min Read HELSINKI (Reuters) - Boris Rotenberg, a Russian businessman under U.S. sanctions over the Ukraine conflict due to his close ties with President Vladimir Putin, on Monday lost a discrimination lawsuit he filed in a Finnish court against four Nordic banks. “Helsinki District Court has rejected Boris Rotenberg’s complaint over the right to banking services and damages for discrimination,” the court said in a statement. Rotenberg, who also holds Finnish citizenship, accused Nordea ( NDAFI.HE ), Danske Bank ( DANSKE.CO ), Handelsbanken ( SHBa.ST ) and OP Bank of refusing to allow him to make payments and of violating his right to equal treatment as an EU citizen. The court said Rotenberg had failed to prove he was a person living in the European Economic Area and therefore he was not entitled to basic banking services in Finland. It also ruled the banks’ concerns of significant financial risks related to Rotenbe
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