500 Business Champions: Russian gold billionaire Mordashov faces sanctions

In 2008, Alexeï Mordashov gained a foothold in West African gold through the company now known as Nordgold. Today, the company is a victim of its alleged links with Moscow.

On 8 November 2023, the United Kingdom imposed sanctions on individuals and companies linked to the gold industry, freezing assets and sources of funding in a bid to block a source of revenue that had become essential to the Russian war effort in Ukraine. On the list was Nord Gold Plc, which suffered the same fate as mining companies active in Africa linked to the Russian paramilitary group Wagner, only a few months later.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

500 Business Champions: Joining the ‘billion dollar revenue’ clubFourteen companies from the continent have entered the exclusive circle of billionaire dollar companies in the 2024 edition of our exclusive ranking of the 500 African champions.
Sumber: TheAfricaReport - 🏆 29. / 55 Baca lebih lajut »

500 Business Champions: Has Dangote Cement finally found the right strategy outside of Nigeria?Despite inflationary pressures and logistical constraints, the ‘king of cement’ has confirmed its rise to prominence and seems to be finding the path to profitability in pan-African markets.
Sumber: TheAfricaReport - 🏆 29. / 55 Baca lebih lajut »