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EXPLAINED: Letterone | Vintage Vibes

Sanctioned Russian oligarchs allowed to invest in UK North Sea oil producer

Critics say Labour should ‘have run a mile’ from LetterOne after it acquires 15% of Aberdeen-based Harbour Energy

The Guardian - UK

'Security risk': Sanctioned Russian oligarchs buy stake in Scotland-based oil giant

THE UK Government is facing criticism after two sanctioned Russian oligarchs became part-owners of a Scotland-based oil company.

The National (Scotland)

Tory party’s ex-chair to be paid to advise firm with links to sanctions-hit Russians

MP Brandon Lewis will be paid £250,000 a year by LetterOne, investment group 49% owned by two oligarchs

The Guardian - UK

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Former Tory chair takes six-figure job at firm part-owned by sanctioned Russians

Brandon Lewis was given approval to take up advisory role at LetterOne which is 49% owned by oligarchs Mikhail Fridman and Petr Aven

The Guardian - UK

Virgin Media O2 to snap up Russian oligarch-backed broadband firm

UK government forced sale of ‘alt-net’ broadband provider Upp on national security grounds

The Guardian - UK

Factbox-Seized or sailing away: What we know about oligarchs and their assets

The latest on Russia's oligarchs and their assets:

Reuters

Russian banking oligarch moans that sanctions mean he 'can’t even pay in a restaurant'

Mikhail Fridman, who reportedly lives alone in Athlone House and has a net wealth of £11.9 billion, was sanctioned by the UK government on March 15

Daily Mirror

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Russian oligarch complains ‘I can’t even pay in a restaurant’ after UK sanctions

‘I can’t even pay in a restaurant. I have to eat at home and I am practically under house arrest,’ he said

Evening Standard

Billionaire Russian oligarch sanctioned in UK complains he has to eat at home after credit cards blocked

He ranked as the 128th richest person in the world last year

The Independent UK

Goldman Sachs Pauses Relations With Sanctioned Oligarch Linked PE Firm: FT

Goldman Sachs Group (NYSE:GS) and Kirkland & Ellis halted new business with Pamplona Capital Management, the Financial Times reports. Sanctioned oligarch Mikhail Fridman's LetterOne investment group accounted for 80% of the funds of the $9 billion private equity firm. Waystone, a Cayman Islands firm, resigned from every role with Pamplona funds on…

Benzinga

Welsh politician refuses to step down from investment firm with strong links to Putin's Russia

Mervyn Davies is chairman of Letter One, which is is worth £17bn and its major shareholders are Russian oligarchs linked to the Kremlin, Petr Aven and Mikhail Friedman

Wales Online

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough

The Guardian - UK

Three more Russian billionaires resign from LetterOne board

Two UK-based oligarchs had shares in Holland & Barrett owner frozen last week

The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The New Daily

Meet Putin’s key oligarchs, their mega-yachts and billion-dollar bankrolls

Russian oligarchs Alisher Usmanov, Igor Sechin, Mikhail Fridman and others are the latest targets of sanctions imposed after Russia invaded Ukraine.

The Guardian - UK

Two UK-based Russian oligarchs have shares in $22bn conglomerate frozen

Action taken upon Mikhail Fridman and Petr Aven by holding company that owns Holland & Barrett after EU imposed sanctions

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