Published November 3, 2021 at 9:49 pm
Abroad. It is not only at home that Swedbank and SEB make business decisions for political or – as they call it – “ethical” reasons. Now the Swedish banks are accused of sabotaging the expansion of the Latvian defense industry because defense is “unethical”.
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Artis Pabriks, Minister of Defense and Deputy Prime Minister of Latvia, writes on Twitter that a new version of the armored off-road vehicle from the Finnish Patria would not only be produced in Finland, but also in Latvia.
” We started production here in Latvia, but unfortunately some Swedish banks in Latvia have refused us loans on the grounds that it is unethical production “, according to him.
” We are very disappointed to meet such an attitude from institutions that make money in Latvia “.
Since the beginning of the 2000s, the Baltic states have been more or less occupied by Swedbank and SEB, which are closely linked to the Social Democrats and the Wallenberg family respectively. It is not uncommon for dignitaries in the governments of the Baltic states to descend directly from SEB in particular, which brings together a large part of the Baltic social elite.