Lithuania has introduced penalties for holding funds in Russian banks subject to international sanctions. Fines may range from 200 to 6,000 euros, reports *Novaya Gazeta. Baltiya* citing data from Lithuania’s Financial Crime Investigation Service under the Ministry of the Interior.
The authority explained that such accounts are considered potential violations of the sanctions regime. Lithuanian law prohibits conducting transactions or assuming obligations if their fulfillment contradicts current international restrictions. Previously concluded agreements falling under sanctions must be immediately terminated or suspended for their entire duration.
"In practice, if a natural or legal person maintains contractual relations with a sanctioned entity or holds an account in a financial institution listed in EU sanctions (for example, in the 'Russian National Commercial Bank,' 'Bank Rossiya,' or 'Sberbank'), this may be considered as providing funds and economic resources by placing money and paying fees to sanctioned entities," clarified representatives of the Lithuanian authority.