RusBankrot
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05/12/2025
Friday
THIS DAY IN HISTORY:
5 December 
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
5 December
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
THE PROSECUTOR GENERAL'S OFFICE OF THE RUSSIAN FEDERATION HAS INCREASED THE NUMBER OF ASSETS RECOVERED FROM RIETUMU BANKA
The Moscow Arbitration Court resumed work on the case (no. A40-210214/2025), in which the Prosecutor General's Office of the Russian Federation insists on applying to the state treasury assets associated with the Latvian Rietumu Banka (RB). We are talking about a property complex registered with a number of subsidiaries and affiliated organizations, including the domestic KI Invest LLC. According to the supervisory authority, it is through this company that capital is transferred from the Russian Federation to Latvia in order to circumvent restrictive measures.
The income from the rental of commercial real estate in the capital and the Moscow region, owned by KI Invest, was sent outside the country. It was this scheme that became the focus of the trial. Formally, the money was used to repay the loan, which was issued in 2016 and then extended until 2030. The supervisory authority believes that from 2022 to 2024, over 806,000 euros and about 30 million rubles were withdrawn from Russia in this way. In total, this is equivalent to 105 million rubles.
According to the original wording of the lawsuit, only the Bank of Latvia, the Latvian credit institution (RB), its representative office in the Russian Federation and its subsidiary RB Investments (founder of KI Invest) were mentioned. The court was asked to cancel the deal, return the money and transfer 100% of the company's shares to the state. However, the claim was subsequently radically revised and supplemented.
In the updated version of the statement, the prosecutor's office expanded the list of potentially seized assets. It includes twelve more legal entities, including Novomoskovsky Technopark OJSC (formerly known as Maryinskaya Poultry Farm OJSC) and a number of developers under the Aeroplane-Marino brand. According to the agency, all these companies are linked to the Latvian bank through a complex system of collateral and financial transactions, which made it possible to circumvent sanctions restrictions.
Both Russian legal entities and foreign firms, as well as private citizens (presumably the nominal owners of RB assets), are involved as new defendants. RB's lawyers objected, pointing out that new obligations had appeared in the case and the subject matter of the dispute had been seriously changed. However, the court accepted the updated statement for production. A preliminary hearing in the case is scheduled for November 19.
The assets of a foreign bank and related structures have previously been seized as part of interim measures. The total debt owed to the bank, as of the beginning of 2025, is estimated at about ˆ21.5 million. This, according to the Prosecutor General's Office, creates an opportunity for further movement of funds outside of Russia. The purpose of the agency is to suppress this financial scheme and convert the entire complex of assets used for its operation into state revenue.
Photo: Freepik
The income from the rental of commercial real estate in the capital and the Moscow region, owned by KI Invest, was sent outside the country. It was this scheme that became the focus of the trial. Formally, the money was used to repay the loan, which was issued in 2016 and then extended until 2030. The supervisory authority believes that from 2022 to 2024, over 806,000 euros and about 30 million rubles were withdrawn from Russia in this way. In total, this is equivalent to 105 million rubles.
According to the original wording of the lawsuit, only the Bank of Latvia, the Latvian credit institution (RB), its representative office in the Russian Federation and its subsidiary RB Investments (founder of KI Invest) were mentioned. The court was asked to cancel the deal, return the money and transfer 100% of the company's shares to the state. However, the claim was subsequently radically revised and supplemented.
In the updated version of the statement, the prosecutor's office expanded the list of potentially seized assets. It includes twelve more legal entities, including Novomoskovsky Technopark OJSC (formerly known as Maryinskaya Poultry Farm OJSC) and a number of developers under the Aeroplane-Marino brand. According to the agency, all these companies are linked to the Latvian bank through a complex system of collateral and financial transactions, which made it possible to circumvent sanctions restrictions.
Both Russian legal entities and foreign firms, as well as private citizens (presumably the nominal owners of RB assets), are involved as new defendants. RB's lawyers objected, pointing out that new obligations had appeared in the case and the subject matter of the dispute had been seriously changed. However, the court accepted the updated statement for production. A preliminary hearing in the case is scheduled for November 19.
The assets of a foreign bank and related structures have previously been seized as part of interim measures. The total debt owed to the bank, as of the beginning of 2025, is estimated at about ˆ21.5 million. This, according to the Prosecutor General's Office, creates an opportunity for further movement of funds outside of Russia. The purpose of the agency is to suppress this financial scheme and convert the entire complex of assets used for its operation into state revenue.
Photo: Freepik
24.10.2025
