“The Podancial Oligarchs of the Russian Federation Mikhail Friedman and Petro Aena sold their shares at the largest private Bank of Russia and its insurance company, trying to abolish the EU sanctions against them.”, – WRITE: epravda.com.ua
The Podancial Oligarchs of the Russian Federation Mikhail Friedman and Petro Aena sold their shares at the largest private Bank of Russia and its insurance company, trying to abolish the EU sanctions against them. About it reports the newspaper Financial Times. According to the documents obtained by Financial Times, Friedman and Aven, last year, they handed over Alfa-Bank and alpha insurance to their ancient partner Andriy Koshov. The agreement concluded in 2023 was estimated by these companies at about 240 billion rubles ($ 2.5 billion). The oligarchs owned 45% of the bank’s shares and 42% of the insurance company. Advertising: Koshov, which is not under sanctions, came out of the shadow and became the largest shareholder of Alfa-Bank and Holding Letterene, based in the London district of Meifer, after buying his parts Substantial partners. The oligarchs hope that the sale of a bank and an insurance company – an agreement that has accelerated the interference of the Russian authorities on the ownership of “economically significant” companies – will help them to challenge the EU sanctions imposed in response to a full -scale invasion of Russia into Ukraine. Last year, the EU General Court partially canceled the grounds for sanctions, acknowledging that Brussels did not provide sufficient evidence of their participation in actions aimed at undermining Ukraine. Advertising: this victory was the greatest impact on the EU sanction regime against Russia since the invasion. However, sanctions remain in force on other justification – the EU considers Friedman and Aven as “leading businessmen involved in the economic sector, which is a significant source of income for the Kremlin.” The oligarchs also challenge this basis. If they manage to win a court, EU countries may decide to cancel sanctions, appeal a court decision or impose new sanctions on a different basis. Latvia has already appealed to Friedman and Aven’s decision. Read also: The EU Court has sided with Friedman and Aven, but they are still under sanctions. What is happening and what are the threats to Ukraine? Recall that in April 2024, the EU Court of Ukraine satisfied the claim of “Alfa-Bank” exactionists Petro Aven and Michael Friedman about the abolition of sanctions imposed against them by the EU Council for the period from February 2022 to March 2023. Radio Liberty journalist Ricard Josvyak explained that this decision only applies to a blacklist from February 2022 to March 2023.