Latvian Finance and Capital Commission permitted the Municipal Bank of Moscow to buy more than 50% of the shares of Latvijas biznesa banka, the Chairman of which informed a local news agency that the Bank of Moscow is a strategic investor that will own 99.54% of the Latvijas biznesa banka's capital. The Bank of Moscow has Moscow government as its main shareholder. Until now the 99.54% of the Latvijas biznesa banka's shares belonged to the Mosbusinessbank, the rest being owned by Latvian individuals.
The Latvijas biznesa banka's equity is $4.5 million, and according to the Latvian Banks Association, it was the bank No 21 out of the 23 banks operating in Latvia.
The national football team of Saudi Arabia is to be punished for the bad game that the players showed during the opening match of the World Cup 2018 in Moscow
One must have noticed that pro-Western democracies on the territory of the former USSR tend to collapse very quickly, even though their Western preachers are always stable