Latvian State Security Service (VDD) has commenced an inspection to assess whether the decision by Latvijas Gāze (LG) shareholders to pay dividends to one of the owners of LLC Itera Latvija is in line with the sanction regime imposed on Russia, TV3 News reported in the evening on Wednesday, the 26th of July.
“It is prohibited to make financial resources or economic resources of the European Union, whether directly or indirectly, to persons or businesses under sanctions.
Activities which result in financial resources or economic resources coming into the possession of a private or legal person under international sanctions are subject to criminal liability in Latvia,” VDD told the programme.
VDD does not comment the initiated inspection in more detail.
LG insists the company did not violate any laws.
LETA reported that the net turnover of LG in 2022 was EUR 689.752 million, which is 31.3% more when compared with 2021. The concern’s net profits increased by 12.1 times – to EUR 39.073 million.
Latvijas gāze’s biggest shareholders include Russian Gazprom (34%), Marguerite Gas II.S.a.r.l (28.97%), German Uniper Ruhrgas International GmbH (18.26%) and LLC Itera Latvija (16%).
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