"He's long served as a trusted partner to the more well-known - and wealthier - oligarchs Mikhail Fridman and Petr Aven at Alfa-Bank and LetterOne. "
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"Usmanov was among several billionaires, including Alfa Group owners Mikhail Fridman and Petr Aven, and Severstal PJSC's Alexei Mordashov, that were targeted in the first round of EU penalties. "
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"The lender, in which sanctioned billionaire Mikhail Fridman held an interest via Alfa Group, has been operating in the Netherlands since 1994 and had over 1.2 billion euros in assets, according to a 2020 report."
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"While other billionaires like Vladimir Lisin have also avoided penalties, Potanin wielding his $29 billion fortune to strike deals with the West contrasts with Mikhail Fridman and Petr Aven, who have said in interviews that sanctions ruined their lives."
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"FIBR Tech Ltd., an online lender to businesses, and ANNA Money, which offers business accounts and administrative services, began searches for buyers in recent weeks after indirect shareholders including Mikhail Fridman and Petr Aven were hit by sanctions."
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"The 27-member bloc accused Aven and his business partner Mikhail Fridman of trying to assist the Kremlin in lifting Russian sanctions imposed due to its annexation of Crimea in 2014."
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"Octane, which has made more than $1.3 billion of short-term loans over the past five years, was created with the backing of LetterOne Holdings, a $20 billion investment firm for Russian billionaires, including co-founders Mikhail Fridman and Petr Aven, who were sanctioned by the European Union and the U.K. after the invasion of Ukraine."
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"Pamplona Capital Management said it will liquidate every fund with ties to LetterOne Holdings, the investment firm whose co-founders include sanctioned Russian billionaires Mikhail Fridman and Petr Aven."
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"One example of the complex web of relationships between Russia and global banks is LetterOne Holdings, the investment firm founded by Russians including sanctioned billionaires Mikhail Fridman and Petr Aven. "
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"A few remain active in business: Vladimir Potanin, Russia's wealthiest individual, who heads MMC Norilsk Nickel PJSC, the world's largest producer of refined nickel and palladium; and Mikhail Fridman and Petr Aven, whose commercial bank, Alfa Bank, became the anchor business of Alfa Group, a holding company that today owns interests in telecommunications and retail. "
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"LetterOne Holdings, the investment firm co-founded by Russians including Mikhail Fridman and Petr Aven, bet big on hedge funds and private equity in recent years with the billionaires' fortune from selling a giant energy company."
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"When I first called Mikhail Fridman to ask if he would talk about what it's like to be sanctioned, he all but hung up on me. "
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"More sanctions were placed on individual Russians, with Alfa Bank founder Mikhail Fridman and former President Dmitry Medvedev now included in the regime."
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"After Mikhail Fridman and Petr Aven, executives at Luxembourg-based investment firm LetterOne, were sanctioned by the European Union recently, three other directors, Andrei Kosogov, Alexei Kuzmichev and German Khan resigned a few days later -- even though no nation had sanctioned them."
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"If the list is approved, Abramovich and the others would join the registrar of tycoons sanctioned since Russia's invasion of Ukraine, including metals tycoon Alisher Usmanov; Alfa Group owners Mikhail Fridman and Petr Aven; Alexei Mordashov, who controls a major steel company; Igor Sechin, chief executive officer of oil company Rosneft; and Nikolay Tokarev, CEO of oil company Transneft."
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"The EU approved its first sanctions on Russia's ultra-rich following the Ukraine invasion last month, introducing asset freezes and travel bans on billionaires including Mikhail Fridman and Petr Aven."
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"Mikhail Fridman is transferring shares in some of his U.K. holdings as the billionaire's global business empire comes under increasing pressure in the fallout from Russia's invasion of Ukraine."
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"Mikhail Fridman and Petr Aven, two of the billionaires behind investment firm LetterOne, have resigned from the owner of one of Russia's biggest banks in the fallout from the war in Ukraine."
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"Mikhail Fridman and Petr Aven are committed long term investors to European businesses employing tens of thousands of people and have always been totally transparent about their dealings and source of wealth."
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"The hedge fund manager got more than $100 million from an entity linked to Russian oligarch Mikhail Fridman when setting up his own shop in 2015, according to people familiar with the matter. "
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"Earlier this week, Europe announced sanctions on several wealthy Russians including metals tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven, plus Alexey Mordashov, who controls a major steel company. "
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"They include metals tycoon Alisher Usmanov, banking billionaires Mikhail Fridman and Petr Aven, and steel magnate Alexei Mordashov."
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"Roman Abramovich announced he's selling Chelsea Football Club, while sanctioned oligarchs Petr Aven and Mikhail Fridman have resigned from the board of their shared investment firm, LetterOne, which owns billions of dollars in energy, telecom and retail assets."
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"In recent years, London courts saw Russian billionaires Mikhail Fridman and Petr Aven successfully sue Christopher Steele in a data-protection suit and Roman Abramovich secure a partial win and then settle a libel suit against the author of a book that claimed he was directed to buy Chelsea Football Club Ltd. by Putin."
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"Meanwhile, VEON announced on Tuesday that Mikhail Fridman resigned from their board."
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"The sanctions announced by the European Union and the United States over the weekend, J.P. Morgan analysts wrote to clients on Monday, "are more severe and wider than even the more extreme sanctions we had believed were in play just a month ago." By Monday evening, the European Union had added more Russian business tycoons to its sanctions list, including two owners of Alfa Bank, Mikhail Fridman and Petr Aven, who had cut a relatively Western-friendly image."
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"Among those on a list seen by Bloomberg on Sunday: metals tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven, and steel magnate Alexei Mordashov. "
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"A proposal seen by Bloomberg Sunday that governments were discussing included a handful of billionaires who haven't yet been hit by sanctions in the U.S.: metals tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven, plus Alexei Mordashov, who controls a major steel company. "
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"The list, which still needs to be approved by European governments and could change before that happens, includes a handful of billionaires who haven't yet been hit by sanctions in the U.S.: metals tycoon Alisher Usmanov, Alfa Group owners Mikhail Fridman and Petr Aven, plus Alexei Mordashov, who controls a major steel company."
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"Belton and Harper Collins are also being sued for libel by Rosneft Oil Co. PJSC, a Russian state-owned energy company and oligarch Mikhail Fridman is bringing similar claims. "
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"Wintershall Dea GmbH -- BASF SE's oil and gas venture with billionaire Mikhail Fridman -- has said it plans to list, while another IPO candidate, Chrysaor Holdings Ltd., agreed to merge with Premier Oil Plc last year."
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"Russian billionaire Mikhail Fridman grabbed the opportunity of a short-lived rebound in the lira and a rally in global markets to benefit from the sale of a stake in Turkey's largest mobile-phone operator."
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