MOSCOW – Russian prosecutors have filed a lawsuit against sanctioned billionaire Andrey Melnichenko, as President Vladimir Putin increases pressure on wealthy Russians to repatriate their assets from abroad. Read more at straitstimes.com.
MOSCOW – Russian prosecutors have filed a lawsuit against sanctioned billionaire Andrey Melnichenko, as President Vladimir Putin increases pressure on wealthy Russians to repatriate their assets from abroad.
It targets Mr Melnichenko, Suek and two other companies, according to the filing on the court’s website, which did not provide further details.and sanctions that have hit the economy, the Russian President has slammed industrialists and other rich Russians who maintain wealth abroad and called for them to repatriate assets.
While Suek is based in Russia, EuroChem, which is not involved in the case, is registered in Switzerland while holding major assets in Russia. He was sanctioned by the European Union and the United States following Russia’s attack on Ukraine. He then withdrew as a beneficiary of a trust that controls stakes in the companies he founded.
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