Economics
U.S. Investigating If Swedbank Breached Sanctions Against Russia: SVT
- Swedish broadcaster says probe involves Kalashnikov transfers
- SVT says U.S. authorities investigating after it made inquires
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U.S. authorities are investigating whether Swedbank AB’s Baltic unit allowed money transfers that violated U.S. sanctions against Russia, Sweden’s SVT television said.
SVT’s investigative program Uppdrag Granskning said in a report aired Wednesday that it had uncovered transactions between sanctioned Russian weapons maker Concern Kalashnikov JSC and Kalashnikov USA, a company based in Florida that produces guns based on its namesake’s designs.