Signal
Submitted
Feb 1, 2026, 00:14 UTC
Investigation reveals Latvian-linked company 'Wondermax' involved in Russian sanctions evasion via real estate operations since 2016.
On May 15, 2024, a Twitter thread by Artis Schlossberg uncovered that Latvian businessman Ivars Priede worked at the Russian real estate management company 'Wondermax' starting in 2016. 'Wondermax' and its affiliated entities were implicated in the Panama Papers leak and involved in evading sanctions against Russia. The report links company operations to laundering and sanctions busting mechanisms, with prior OCCRP investigations and additional data sources corroborating these findings. The company address also hosts the 'Portofino' restaurant, adding a puzzle piece to the network. Latvian investigative efforts highlight the connection as part of covert Russian financial influence operations in Latvia.
Confidence: High
This event clearly outlines Russian-linked financial evasion and sanctions busting activities operating through Latvian companies, indicating aggressive hybrid warfare tactics. No explicit defensive or protective alliance actions were described in the source.
Source URL
https://x.com/i/web/status/1790635007519731807
Source reliability
C
Info credibility
4
Event time
May 15, 2024, 12:00 UTC
Event time confidence
unknown
Location
Land
Primary actor
Ivars Priede
Country
Latvia
Tags
sanctions, anti-money laundering, Wondermax, Panama Papers, Russian financial networks, Latvia, OCCRP