Lithuanian bank freezes nearly 3 mln euros of PhosAgro entity - media
VILNIUS. March 16 (Interfax) - A Lithuanian bank in the country has frozen 2.9 million euros of PhosAgro Baltic, part of PhosAgro , the Siena investigative journalism center reported.
"The Financial Crimes Investigation Service has learned that the financial institution has suspended PhosAgro Baltic's accounts and frozen funds totaling more than 2.9 million euros. The decision was taken on March 10," Siena press secretary Modesta Zdanauskaite said.
In addition to PhosAgro Baltic's 2.9 million euros, around 4.4 million euros of eight legal entities and four individuals has also been frozen in Lithuania.
On March 9, Andrei Guryev, who was CEO of PhosAgro at the time, was included in the European Union's sanctions list, following which Guryev resigned as the company's CEO and from its board of directors. Guryev's father also resigned from the board of directors.
The Guryev family controls 48.5% of PhosAgro shares through a trust and directly, St. Petersburg Mining University rector Vladimir Litvinenko controls 21%, and the free float is 30.5%.