How Russian billionaire Melnichenko shielded assets from European sanctions
Russian businessman Andrey Melnichenko ceded control of two of the world's largest coal and fertilizers companies to his wife the day before he was sanctioned by the European Union, according to three people familiar with the matter. Melnichenko, who made his fortune in Russia's energy industry in the years following the 1991 fall of the Soviet Union, gave up his stakes in the coal producer SUEK AO and fertilizer group EuroChem Group AG on March 8, the day of his 50th birthday, leavin...
Source: aol.com