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U.S. sanctions Latvian oligarch charged with corruption

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U.S. sanctions Latvian oligarch charged with corruptionThe United States on Monday sanctioned Aivars Lembergs, the suspended mayor of Latvia’s seaport city of Ventspils and an oligarch with substantial influence in the country’s politics, over alleged corruption, the U.S. Treasury said in a statement. According to the Treasury’s Office of Foreign Assets Control (OFAC), Lembergs controls “entities through political parties and corrupt politicians, and systematically exploits those entities and individuals for his own economic gain”. “This U.S. action underscores the U.S. commitment to Latvia and our determination to hold corrupt oligarchs accountable for their actions against a key European ally”, it said.

Source: yahoo.com/news