On January 13, a court in Helsinki will rule on lawsuits by businessman Boris Rotenberg against four Scandinavian banks that refuse to service his accounts due to US sanctions.
Boris Rotenberg is trying on the strength of the Finnish judicial system, demanding to strike a balance between so respected human rights in Europe and the fear of banks to violate the US sanctions regime. What could be the result of a lawsuit?
The court predictably chose the latter between the demands of a businessman close to the Russian authorities and the interests of the national banking system.
The Swedish Nordea group is negotiating the sale of Nordea Bank.