RIGA, Latvia — Vladimir Antonov, who is fighting extradition to Lithuania after that country's government seized his Bankas Snoras, said he invested about 50 million euros ($65.1 million) in Latvia's unprofitable AirBaltic.
"I think that about 50 million euros, not less" was invested in the airline, Antonov told TV3's "Neka Personiga" news program, broadcast Sunday night.
Latvia increased its stake in AirBaltic to 99.8 percent on Dec. 1 by acquiring shares that were pledged as collateral in Snoras' local unit, Latvijas Krajbanka, which was suspended on Nov. 21.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
