“The oligarchs’… business partner Andrei Kosogov, who has not been targeted by #sanctions, has agreed to buy the #Russian #bank… from its #Cyprus-based parent company… Subject to regulatory approval [they] would cease to be indirect shareholders of Alfa-Bank…”🤔 #compliance
https://twitter.com/FinancialTimes/status/1633894131046010880
“The US & UK placed punitive measures on Alfa-Bank last year after [#Russia’s] invasion of #Ukraine, while the EU introduced its measures last month. Fridman and Aven have received no indication that selling Alfa-Bank will convince the EU to remove the #sanctions…”🤔 #compliance
“[Fridman and Aven], who have challenged the EU #sanctions in court, have submitted letters of support from #Russian opposition figures such as jailed war critic Ilya Yashin and Leonid Volkov, the head of jailed opposition leader Alexei #Navalny’s Anti-#Corruption Foundation.”🤔
“More than two dozen #Russian oligarchs have launched legal challenges against western #sanctions. A few, including Fridman’s ex-wife and the mother of Yevgeny Prigozhin, the head of the Wagner mercenary group, have won court decisions against EU sanctions…”🤔 #compliance
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