Roman Abramovich, 55, has been sanctioned by the United Kingdom and the EU for his ties to Vladimir Putin. On Tuesday The Wall Street Journal reported that the oligarch, worth an estimated $12 billion , transferred control of a fund to a friend. The fund, registered in the British Virgin Islands, was transferred from a company called Norma Investments Ltd on February 24.
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Source: The Independent - 🏆 80. / 59 Read more »
Russia threatens to pay external debt in roubles as sanctions bite – business liveRolling coverage of the latest economic and financial news They will need a lot of wheelbarrows to transport them in If the debt is not denominated in RUB, that action will trigger a default event. Stand by for the 1 billion ruble note.
Source: The Guardian - 🏆 84. / 53 Read more »