Latvia: Russian owners of Pobeda Confectionery banned from Latvia

Latvia’s Minister of Interior, Maris Kucinskis, has added three owners of the Ventspils-based confectionery producer, Pobeda Confectionery, to the list of foreigners banned from entering the country due to national security concerns, Baltic News Network reports. In March 2023, Latvia’s State Security Service (VDD) found that Russian confectionery producer Pobeda, which has the same owners as Pobeda Confectionery, has provided support to Russia’s armed forces for a long time. Pobeda Confectionery was registered in 2014. The company’s owners are Cyprus-based Adellaar Holdings Limited (90.2%) and Russian citizens Vitaly Muravyov and Olga Muravyova.

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