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MEGAFON RISKS BECOMING BANKRUPT DUE TO SANCTIONS AGAINST ALISHER USMANOV

... to pay the loans on time. The possible damage is €2.17 billion, which inevitably leads to bankruptcy. The document says that Usmanov gave up full control over the holding in 2014. Currently, he owns only a 49% stake in the parent structure of USM. And although the decision on personal sanctions says that they are limited in time (apply until September 15, 2022) and can be reversible, companies can go bankrupt much earlier. The Council of Europe considered the oligarch's statement about the threat of "irreparable harm" unproven.

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