Friday

29th Mar 2024

Ticker

Spain opens probe into €35m of Russian 'money laundering'

Spanish prosecutors have opened a probe into allegations that €35m of suspicious Russian money was moved via Moldova, Ukraine, Lithuania, and Estonia to Spain to individuals of Russian and ex-Soviet Union origin to buy real estate, car parts construction equipment, shoes and other items, including via Spain's CaixaBank. The funds are linked to the Danske Bank money-laundering scandal in Denmark and to the death of Russian whistleblower Sergei Magnitsky.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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