Russian Federation seizes Rietumu Banka assets

Fiscal

🗣️ Active Recruit
Jun 18, 2025
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It's wonderful to see this bank getting a taste of its own medicine after years of ripping off customers. Something that has seriously damaged Latvia's reputation, as no sane person will open an account with an established Latvian bank until they get their act together and eradicate corruption (never).

Veterans among us will remember the threads on an unnamed forum where several victims shared their stories.

"The assets involved are worth 30 billion rubles (approximately 300 million euros, depending on the exchange rate). This amount includes the seized property of the aforementioned Latvian entities, as compensation for the seizure of "Moscow House" in Riga, estimated to be worth around 14-16 million euros." (Source)

 

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