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Due to US sanctions, the assets of Russian oligarch Victor Vekselberg were frozen

22.04.2018
Russia, USA, Vekselberg

The loss of a businessman in the US and Europe amounted to more than $ 2 billion.
Due to the introduction of US sanctions against businessman Viktor Vekselberg and his company Renova, the company's assets have been frozen from $ 1.5 billion to $ 2 billion, Reuters reports citing two acquaintances with the source's situation.

According to the sources of the agency, it is about blocking dollar bank accounts of companies controlled by Renova. In addition, for a while, the salary accounts of several employees of the Swiss branch of Renova were blocked. After necessary checks, the accounts were again opened.

Renova and Vekselberg hope for help from the Swiss authorities in solving business problems, sources told Reuters, adding that the Swiss government played an important role in the process of withdrawing Sulzer from sanctions.

"European and especially Swiss banks are excessively cautious," said one Reuters source. "Secondary sanctions have a cross-border character and influence countries that are not going to copy American sanctions or even disagree with them," the source added.

Viktor Vekselberg already met with Prime Minister Dmitry Medvedev and complained to him about the freezing of accounts, the risks of stopping enterprises in Europe, the need to reduce their stake in foreign companies below the controlling stake.

Let's remind, the Swiss companies "Renova" Sulzer and Oerlikon because of sanctions did not begin to pay to it dividends for 2017. Thus, the company lost payments totaling about $ 132 million. Sulzer also bought Renova 5 million of its own shares to get out of the sanctions (now the share of Renova in Sulzer was reduced to 48.8%). The money for the sale of shares - $ 568 million - "Renova" will not receive until the removal of its sanctions.


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