The United States lifted sanctions against the Estonian cooperative bank



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SNB

2018 July 26 11:21


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

2016 In September, the United States applied Krediidipank, which accounted for nearly 60% of the increase in sanctions against Russia and its companies in support of pro-Russian separatists in the east of Ukraine.

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.

or more than 350 stores in Estonia.

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