Veon chief looks to the future as it cuts Russia ties
Operator group Veon completed its exit from the Russian market, selling the operation to senior members of the PJSC VimpelCom management team.
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Operator group Veon completed its exit from the Russian market, selling the operation to senior members of the PJSC VimpelCom management team.
Shares of digital operator, VEON Ltd. (VEON) are up 9% on Monday, following the successful completion of its withdrawal from the Russian market. VEON is trading on the Nasdaq at $20, up 9.
Conceived in mid-2022 and imposed last December, the price cap on Russia’s seaborne petroleum exports aimed to limit Moscow’s oil revenue while softening the blow on the global economy from sanctions enacted after Russia’s invasion of Ukraine. It prohibits firms based in the EU and G7 countries...
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