Lender Says US Sanctions No Excuse For Not Repaying Loan
By Bonnie Eslinger ( June 16, 2020, 7:32 PM BST) -- Cypriot lender Lamesa Investments urged the Court of Appeal on Tuesday to overturn a decision allowing Cynergy Bank to hold back millions of pounds of interest payments on a £30 million ($37.8 million) loan while U.S. sanctions targeting the lender's Russian owner remain in place....
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