Day: October 24, 2022

Written by FinCrime

SAP delays Russia exit as deal talks fail and workers at risk

Reported by: Alexander Marrow and Supantha Mukherjee SAP (SAPG.DE) will miss its deadline to exit Russia before the end of the year as the German software group has failed to find a buyer for the unit, five sources told Reuters, underscoring the difficulties some companies are facing to leave the country. The Walldorf, Germany-based enterprise software company […]

Written by FinCrime

Latvian approach to U.S. over ABLV bank proves ineffective

Reported by: Matīss Arnicāns (Latvian Television), “De facto” (Latvian Television) There has been no visible progress in negotiations between the Latvian Ministry of Finance with colleagues from the U.S. Department of the Treasury regarding the withdrawal of some statements which were presented in the 2018 sanctions decision taken by the U.S. against ABLV bank, LTV’s De Facto […]