Oslo-based Maritime & Merchant Bank, which will launch its business on April 1st, plans to issue shares to raise up to USD 350 million from future stakeholders.
BY JØRGEN RUDBECK
Last week the Norwegian Financial Supervision Authority (FSA) gave Maritime & Merchant Bank the final approval, which means that the bank can now focus on securing the necessary financial base ahead of launching its operations.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.