Banks operating in Lithuania say they are waiting for clarifications from the government on whether to handle payments for Russia’s Kaliningrad transit.
According to the Lithuanian Banking Association, they need assurances they will not breach international sanctions for servicing Russian payments.
“For a financial institution to be able to consider a possibility to apply an exemption, specifically related to meeting the need of the state, that need must be confirmed in writing by a competent public authority,” the Lithuanian Banking Association said in a press release.
The association did not specify the public authority.
It said, however, that such an acknowledgment would enable the Lithuanian Financial Crime Investigation Service (FNTT) to decide on eligibility for an exemption. (LRT/Business World Magazine)
