INSUBCONTINENT EXCLUSIVE:
Russian district attorneys are looking for to designate bread producerRizhsky Khleb as extremist and take a 50% stake in the business,
declaring its Latvian co-owner financed Ukraines military, the Kommersant service paper reported Tuesday, citing sources acquainted with the
matter.Based in central Russias Ivanovo area, Rizhsky Khleb was founded in 2006 by Latvian business person Normunds Bomis and Russian
business owner Sergei Sirenko.After Russias 2022 invasion of Ukraine, Bomis supposedly urged Sirenko to shut down the companys operations in
Sirenko rather proposed buying out Bomis share, but no arrangement was reached, according to Kommersant.The Russian Prosecutor Generals
Office declares Bomis broke anti-extremism laws by donating to Ziedot.lv, a Latvian charity accused of funding the Ukrainian militarys Azov
Brigade, which Russia designated as a terrorist group in 2022
Authorities declare Bomis transferred around $36,800 to the charity in between 2023 and 2025, which the funds were utilized to purchase
weapons and ammunition.It was not instantly possible to confirm the claims.Prosecutors argue that Bomis 50% stake in Rizhsky Khleb forms a
financial base for what they describe as an extremist association and are looking for to nationalize his share and ban related Latvian and
Ukrainian entities.A court in the Ivanovo area is set to evaluate the case, though no hearing date has actually been divulged, according to
Kommersant.Rizhsky Khleb reported 1.5 billion rubles ($19.1 million) in profits and 630 million rubles ($8 million) in gross earnings last
It uses around 250 people.Since the full-blown intrusion of Ukraine in February 2022, the Russian government has actually taken anestimated
$50 billion in personal properties, approximately comparable to its yearly budget deficit or one-third of its yearly military spending.
