The European Union has reached a deal with Hungary to renew sanctions on more than 2,400 primarily Russian entities and individuals hours before they were set to expire on March 15, an EU official with knowledge of the negotiations told the Kyiv independent. The EU had been braced for
Hungary’s ambassador to the EU demanded that Mikhail Fridman be removed from the sanctions list, threatening to block the extension of EU sanctions imposed on about 2,000 Russians otherwise, the Financial Times reported, citing officials familiar with the matter.
According to documents obtained by the FT, Mikhail Fridman and Petr Aven sold their stakes for about Rbs 240 billion ($2.5 billion).
A Kyiv Court ruled on April 16 to cancel the seizure of Lifecell shares owned by sanctioned oligarch Mikhail Fridman, paving the way for French billionaire Xavier Niel to acquire the mobile operator as part of a merger with telecoms company Datagroup-Volia.
The contract on the sale and merger of the telecom businesses Lifecell and Datagroup-Volia prohibits any payment to sanctioned oligarch Mikhail Fridman, Datagroup-Volia CEO Mykhailo Shelemba told Interfax Ukraine on April 16.
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