The two men in question were not widely known, and they were named Staņislavs Gorins and Ēriks Vanagels.
A deeper investigation showed that this was not the only instance in which offshore companies “run” by Latvians exported weapons from Ukraine to African countries. According to an investigation by Mike Lewis that was published in 2009 by the Small Arms Survey in Switzerland, the cargo of the Faina represented just one of at least three major Ukrainian maritime arms shipments since September 2007 – shipments which involved anti-aircraft guns, ‘Grad’ rocket systems, T-72 tanks and ammunition, as well as at least five containers of AKM assault rifles. According to Lewis, the company which chartered the first shipment was the UK-registered Marine Energy Trading Company, Ltd (METCO), with the contract being signed by Erik Vanagels, Stan Gorin and another person with a Latvian name, Voldemar Spatz. (They represented the British Virgin Islands-registered companies Milltown Corporate Services and Ireland and Overseas Acquisition
Latvians have been involved in more than just the weapons business. They have also taken part in the purchase of oil extraction equipment in Ukraine. This past spring, a state-owned oil company in Ukraine organised a bid for tenders to purchase expensive oil extraction equipment. The contract, which was worth USD 400 million, was signed by a British-registered company behind which Staņislavs Gorins could be found. Journalists later determined that the manufacturing price of the equipment was USD 248.5 million, which means that the true owners of the offshore company who were hiding behind Gorins earned a profit of around USD 150 million.