The United States lifted sanctions against the Estonian cooperative bank



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The US Treasury Department has announced the withdrawal of the Estonian commercial bank Coop Pank (formerly Krediidipank) from the list of companies subject to US sanctions.

In September 2016, the United States extended sanctions against Russia and its separatists in eastern Ukraine, they also applied Krediidipank, which is nearly 60%.

In January, the largest Estonian retail group, Coop, took over the Krediidipank shares managed by this Russian bank and in September it renamed Coop Pank.

more than 350 stores in Estonia.

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