Contents tagged with Viktor Vekselberg
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Switzerland freezes bank accounts of Russian oligarch Vekselberg after US sanctions are imposed
Swiss banks have decided to freeze the personal bank accounts of Russian billionaire Viktor Vekselberg due to US sanctions, Forbes Russia reports. The journal cited sources close to Renova group, the Russian businessman’s primary asset.
According to Forbes, approximately one billion Swiss francs (1.01 billion dollars) have been frozen in Vekselberg's Swiss accounts. The oligarch’s lawyers are already trying to appeal this decision and obtain compensation for the freeze, but experts interviewed …
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Russia pays off $1 billion of oligarch Vekselberg’s debt
The Russian oligarch Viktor Vekselberg, who has recently been placed under sanctions, has paid off his loans to western banks using financial assistance from the government.
Vekselberg’s Renova Group repaid $1 billion to a consortium of European, Swiss and American banks, including JPMorgan, Credit Suisse, and UBS.
The loans needed to be repaid in a hurry. The US Treasury Department, which recently blacklisted Vekselberg and all of his companies, demanded that all deals be broken off by June 5 …